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PrintMr Akio Mimura chairman of Nippon Steel Corporation said that the growth in global steel demand will slow to less than 5% in 2009 due to the global financial crisis even thought it grew 7.5% in 2007.
World Steel Association also holds the same opinion as Mr Mimura's to expect the steel demand will grow in 2009, but the outlook is still uncertain because of the credit crisis.
However, WSA will not update its forecast until April 2009 due to sharply changing circumstances.
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