Bloomberg reported that Shanxi Taigang Stainless Steel Co may increase output by 34% in 2009 as the nation's stimulus spending spurred demand.
Mr Chai Zhiyong VP of Shanxi Taigang Stainless said that production may jump to a record 2.4 million tonnes from 1.79 million tonnes a year ago.
Mr Lou Dingbo GM of stainless steel at Baoshan said that the stimulus spending has increased demand for stainless steel used in decorations for infrastructure projects.
(Sourced from www.bloomberg.net)
 | ||||||||||
|
||||||||||