Sahit Muja
Sahit Muja: Albanian Minerals to invest in steel industry in India and Germany.
Steel demand in India is expected to increase 14% to 70 million tonnes in 2011.
Steel demand is India in 2012 is estimated to grow 15% on strong domestic economic growth, massive infrastructure investmants and industrial production, according to Albanian Minerals .
Steel demand in India grew by 10% in 2010.
Steel production in Germany rose 34.1 percent to 43.8 million tonnes in 2010
Steel production in Germany is expected to continue rising.
Germany’s crude steel production totaled 11.39 million tonnes in the Q1 2011, soared by 4.2% .
German manufacturing growth accelerated more than estimated in April, driven by higher output in German motor company.
Profits soared in the first quarter of 2011 in the giant Chinese market’s, car sales rose at the record in Q1.
Mercedes-Benze and BMW reached a new sales records in China .
Volkswagen Group first quarter car sales in China rose to 20 per cent year. Volkswagen reported a Q1 net profit $2.3 billion an increase of 260 per cent from 2010.
Daimler AG’s net profit doubled $1.59 billion.
Sales of Mercedes-Benz vehicles in China rose 82 per cent to 48,861 units in the first three months 2011.
Demand for steel in India and Germany is picking up and steel prices will continue to rise this year
India have the largest population in the world and the steel demand will continue to increase for generations .
Germany have the strongest economy in Europe and German manufacturing and car production is estimated to grow.
Sahit Muja
President and CEO
Albanian Minerals
New York
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