steel markets 3rd report introduction this is the third in a series published year explaining market developments underlying worldwide phenomenon of rising prices it examines latest trends global consumption and raw material likely impact on short term price movements summary for most products are predicted to continue rise across eu early months at least 2005 response continuing strong growth resultant pressures availability while uk not position forecast beyond q1 next thought that will remain buoyant throughout world has risen sharply last three years 2004 by international iron institute iisi grow 8 further 4 5 graph 1 apparent finished million tonnes source rapid economic development china been major factor behind unprecedented although only one demand grown
