Massive infrastructure growth in the developing nations and a more modest growth in developed nations promise to push global steel demand by 6.5–7% this year. According to industry sources the demand for steel is expected to continue rising in 2011. In 2010, global steel demand rose by 10% from 2009 levels and touched a record high of 1.4 billion tons. By 2020, over 250 million people in the developing nations are expected to move to urban areas and that would create a huge demand for housing and other infrastructure. Mittal hopes the strong growth curve continues to rise over the next five years and the steel industry reaches pre-financial crisis levels by 2015.
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