Ports woo steel trade

01 March 2010 00:00

The world’s leading economies may have been badly hit over the last 18 months, but the vital logistics providers for global trade, such as ports, are proceeding with their investments in the expectation of normal growth being resumed in the not-too-distant future. This is the message being sent to shippers and traders as a slow recovery appears to be under way. “Despite the crisis, port superstructure and infrastructure projects are going ahead,” says Albert Pegg, senior advisor, marketing, promotion & commercial relations, for Antwerp Port Authority. The EU remained a major hub for steel last year, with 22.75m tonnes exported from the region (including 13.68m tonnes of flat products) and 12.62m tonnes imported (9.8m tonnes of flat products), according to Eurofer. This made the region the second biggest exporter after Japan, and also the second biggest importer after China, even though EU imports were slashed by about half in the...


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