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News
Recently, foreign media reported that African economies are showing strong worldwide rebound potential, and forecast 2014 foreign investment will reach the highest point of Africa region since the financial crisis in 2008. Moreover, with the growth of African economies, Africa's apparent consumption of steel will show sustained growth.
It can be predicted that with the economic development of Africa, the land of steel demand in the global or overall weak demand environment "thriving." But the reality is that African local steel production can not meet the needs of economic growth. At the same time, as the world's second highest area of the continent, Africa has about 33% of global mineral reserves. Africa has extensive steel industry is both upstream raw materials, there is urgent need to meet downstream demand. Therefore, the future of Africa will be the global steel industry is highly concerned about a treasure.