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Monday, June 7, 2010

Asia's steel demand seen up 8-9%: Tata Steel

Strong economic growth could boost steel demand in Asia by 9 per cent annually in the coming years, an executive with Tata Steel said on Monday.

"After all the problems with recession, Asia has come back very strong," and economies in the region were expanding at between 4-6 per cent, Hemant Nerurkar, managing director of the world's No. 8 steelmaker, told Reuters in an interview.
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Economic Event Calendar

GMT+5:30 Event Vol. Actual Consensus Previous
Wednesday, Apr 16
21:30 Fed's Hammack speech 2
22:30 20-Year Bond Auction 1 4.810% 4.632%
23:00 Fed's Chair Powell speech 3
Thursday, Apr 17
01:30 Net Long-Term TIC Flows 1 $112.0B $35.2B $-42.2B Revised from $-45.2B
01:30 Total Net TIC Flows 1 $284.7B $-46.6B Revised from $-48.8B
04:15 Consumer Price Index (YoY) 3 2.3% 2.2%
04:15 Consumer Price Index (QoQ) 3 0.7% 0.5%
04:30 Fed's Schmid speech 2
07:00 National Australia Bank's Business Confidence (QoQ) 2 -4
07:00 Participation Rate 2 67.0% 66.8%
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