Nyrstar (NYR.BR), the world’s biggest producer of zinc, reported that the company is confident that steel prices will rise in 2010, as demand for galvanized steel picks up, particularly in emerging countries.
The news release is quoted as saying:
Nyrstar said in June it would expand into mining to complement its smelting operations, and has since then bought mines in the United States and a stake in a mine in Peru. Earlier this year, the group announced production cuts and restructuring plans due to falling demand in the economic downturn.
