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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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