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Heavy industry demand shifts regionally

  • After a decade of rapid growth, China’s heavy industry energy demand (for steel, cement, etc.) contracts
  • China’s demand begins to parallel the OECD’s path as its economy shifts toward higher value manufacturing and services 
  • Growth in heavy industry moves to other emerging markets, led by India, Africa and Southeast Asia 
  • Globally, heavy industry energy demand grows around 15 percent 2015-2040

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