MPI: China's steel demand expected to be 874 million tons in 2020

On December 12, China Metallurgical Industry Planning and Research Institute (MPI) released the forecast of China's steel demand in 2020.Asian Metal CopyrightOn December 12, China Metallurgical Industry Planning and Research Institute MPI released the forecast of China's steel demand in 2020.Asian Metal Copyright According to the operation analysis of downstream industries of steel, China's steel demand in 2020 is expected to be about 874 million tons, with a slight decrease year on year.Asian Metal CopyrightOn December 12, China Metallurgical Industry Planning and Research Institute MPI released the forecast of China's steel demand in 2020.Asian Metal Copyright Steel consumption in the construction sector will be 475 million tons, down by 0.Asian Metal Copyright According to the operation analysis of downstream industries of steel, China's steel demand in 2020 is expected to be about 874 million tons, with a slight decrease year on year.Asian Metal Copyright6% YOY; that in machinery industry will basically maintain the current level, with the annual volume of 142 million tons; that in automotive sector will be about 48.Asian Metal CopyrightOn December 12, China Metallurgical Industry Planning and Research Institute MPI released the forecast of China's steel demand in 2020.Asian Metal Copyright2 million tons, down by 3.Asian Metal Copyright Steel consumption in the construction sector will be 475 million tons, down by 0.Asian Metal Copyright6% YOY; and that in energy sector will be 34.Asian Metal Copyright6% YOY; and that in energy sector will be 34.Asian Metal Copyright5 million tons, up by 1.Asian Metal Copyright Steel consumption in the construction sector will be 475 million tons, down by 0.Asian Metal Copyright5% YOY.
.Asian Metal Copyright6% YOY; that in machinery industry will basically maintain the current level, with the annual volume of 142 million tons; that in automotive sector will be about 48Asian Metal Copyright