Global steel industry is growing in business, according to the Financial Times. Europe will lead the recovery of global steel. The rest of the world will also contribute to the steel growing even though China’s steel industry is slowing down. India, the Gulf, Latin America and former Soviet states are expected to increase new steel production capacity. The rising of European steel output will provide good business opportunity for ArcelorMittal and ThyssenKrupp which has suffered a lot from poor demand of construction and car industries.