Quotable

"The steel industry's downstream business will see slower development next year. The ship-building industry, in particular, may see negative growth, which will lead to flat steel consumption in 2014."

Li Xinchuang, head of the China Metallurgical Industry Planning and Research Institute, saying China's growth in steel demand will decline from 6.3 percent this year to 3.2 percent next year, due to the country's economic transformation efforts and steps to clean up the environment.

(China Daily European Weekly 12/13/2013 page18)