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Heavy industry migrates to emerging markets

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Heavy industry migrates to emerging markets

  • Steel, cement and manufacturing are essential to urban infrastructure development
  • Heavy industry demand rises steadily in emerging markets in Asia, Africa, the Middle East and Latin America
  • China’s path forward mirrors the mature regions, as its economy transitions to higher value manufacturing and services after a decade of soaring, energy-intensive growth
  • Demand grows by 75 percent in the emerging markets, but is essentially flat in the mature regions and China
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