CISA predicts steel consumption in 2020 up by 2% YOY
2020-01-15 17:04:18 [Print]
China Iron & Steel Association (CISA) recently released a forecast of China's steel consumption in 2019-2020.
CISA said that the market demand from the steel industry in 2019 is good, mainly due to the stable operation of downstream industries such as infrastructure and real estate, but the development of different industries is not the same. CISA estimates that steel consumption in 2019 will be about 880 million tons, up by 6% YOY.
CISA predicts that the performance of major downstream steel industries will continue to differentiate in 2020. Among them, infrastructure investment will increase, while real estate industry investment and new construction may slow down. The home appliance industry maintains steady growth, while some sub-sectors in the automotive, shipping, container, and machinery industries may experience negative growth. However, in general, the demand for steel is expected to increase slightly to 890 million tons, up by 2% YOY.
Forecast of steel consumption in the downstream industry in 2019-2020 (Unit: kt)
CISA said that the market demand from the steel industry in 2019 is good, mainly due to the stable operation of downstream industries such as infrastructure and real estate, but the development of different industries is not the same. CISA estimates that steel consumption in 2019 will be about 880 million tons, up by 6% YOY.
CISA predicts that the performance of major downstream steel industries will continue to differentiate in 2020. Among them, infrastructure investment will increase, while real estate industry investment and new construction may slow down. The home appliance industry maintains steady growth, while some sub-sectors in the automotive, shipping, container, and machinery industries may experience negative growth. However, in general, the demand for steel is expected to increase slightly to 890 million tons, up by 2% YOY.
Forecast of steel consumption in the downstream industry in 2019-2020 (Unit: kt)
