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News Release from: British Stainless Steel Association | Subject: Stainless steel reinforcement
Edited by the Buildingtalk Editorial
Team on 27 November 2006
Infrastructure opportunities for
stainless
BSSA Director, Nigel Ward, highlights the opportunity for stainless steel reinforcement in the rebuilding of the UK's infrastructure
At the Regional Forum prior to the Annual Dinner of the British Stainless Steel Association [BSSA], the Director, Nigel Ward reminded delegates of the growth opportunities for use in the UK and reviewed the latest activities of the BSSA to promote and support development of the market He highlighted the opportunity for stainless steel reinforcement in the rebuilding of the UK's infrastructure, citing as an example the proposed coastal flood defence programmes required particularly for the east coast of England, threatened by projected sea levels rising by up to 40 cm by 2040
This article was originally published on Buildingtalk on 28 Jul 2003 at 8.00am (UK)
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Nigel Ward confirmed that during 2007, the BSSA is planning to host a conference exploring infrastructure applications further and would continue to promote the use of stainless steel through seminars and workshops, providing help and advice through its Stainless Steel Advisory Centre.
The Director of Economics and Statistics of the International Stainless Steel Forum [ISSF], Peter Kaumanns in his presentation on the global prospects for stainless steel, highlighted the changing regional market patterns with the move of manufacturing industry away from the traditional industrialised economies, to the new ones of Asia, Latin America and increasingly Eastern Europe.
He went on to confirm that China had seen tremendous changes both in use and production of stainless steel.
Since 2000, its share of global cold rolled demand had grown from 14% to 28% in 2005.
At the same time, Western Europe' share had fallen from 30% to 22%.
The picture on production was similar, with China' share reaching 22%, well on the way to self sufficiency.
However, China's growth in demand was not just due to the movement of manufacturing from Europe and the USA, but also to its own internal growth in demand.
Peter Kaumanns concluded by stating that the Oxford Economic Forecasting [OEF] on behalf of the ISSF, predicted slower manufacturing output growth down between 2006 to 2008 in all regions including China.
For the UK, the growth forecast was for manufacturing overall to remain at only 1.1% per annum, with only construction showing some significant increase, rising from1.1% in 2006 to 3.1% in 2008.
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