Although China ́s economic growth is forecast to slow down in 2014, there are many positive catalysts for the car industry , and we expect a second straight year of strong growth.
Russia ́s fiscal position still looks robust. Public debt has been relatively stable at 8% since the global credit crisis of 2008/2009 and is even set to decline in 2015.
Mexico’s steel industry is expected to continue its rebound in 2015, thanks to an upturn in construction activities: mainly through housing and infrastructure investment postponed in 2013.
Overall, Japanese steel production increased 3.1% year-on-year in 2013. In the first half of 2014 domestic steel orders increased 2.8%, while export orders fell by 9.4%.