China to drive steel demand growth in ’10: CMC

China will be a catalyst for global steel demand and pricing next year, based on a projected 9- to 10-percent growth in gross domestic product (GDP) and an infrastructure stimulus program expected to last two years, according to Commercial Metals Co.'s (CMC's) top executive.

Murray R. McClean, chairman, president and chief executive officer of Irving, Texas-based CMC, which has mills in Eastern Europe and...

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