October 2011 - The domestic steel market continued its growth in the second quarter despite a slowing macroeconomic recovery, which still was able to bolster metal demand across many end markets. During the quarter, analysts witnessed M&A market improvement over the same period last year, as deal volume and values increased substantially. The number of U.S. transactions improved during the quarter, increasing 29 percent over the same period last year. For the eighth quarter in a row, the U.S. economy showed continued economic growth. Rising consumer sentiment and stabilizing unemployment helped accelerate GDP growth, as the economy grew real GDP at 1 percent versus 0.4 percent in the first quarter. China’s economic growth continued to lose speed in the second quarter, with annualized GDP growth of 9.7 percent, but inflation continued to raise concerns about a possible interest rate tightening in Beijing.
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