Shipbuilding steel demand in China predicted to grow

According to Mr Zhang Jiaguo chief analyst with the economic research center of China Shipbuilding Industry Corporation, China’s demand for shipbuilding steel would come to 41.52 million tonnes during 2006 to 2010, 8.3 million tonnes on average annually and during 2011 to 2015 and the figure will total 51.41 million tonnes or 10.28 million tonne annually.