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    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.Asian Metal Copyright Forecast of steel consumption in the downstream industry in 2019-2020 Unit: kt Industry 2019 YOY 2020 YOY Building 48600 8% 49800 2% Machinery 14500 3% 14800 2% Automobile 5200 -5% 5100 -2% Shipping 1600 3% 1500 -6% Home appliances 1360 5% 1400 3% Railway 550 6% 570 4% container 520 -28% 510 -2% Energy 4000 5% 4100 3% Others 11200 4% 11400 2% Total 87530 6% 88980 2% .Asian Metal Copyright The home appliance industry maintains steady growth, while some sub-sectors in the automotive, shipping, container, and machinery industries may experience negative growth.Asian Metal Copyright CISA estimates that steel consumption in 2019 will be about 880 million tons, up by 6% YOY.Asian Metal Copyright 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)

    Industry

    2019

    YOY

    2020

    YOY

    Building

    48600

    8%

    49800

    2%

    Machinery

    14500

    3%

    14800

    2%

    Automobile

    5200

    -5%

    5100

    -2%

    Shipping

    1600

    3%

    1500

    -6%

    Home appliances

    1360

    5%

    1400

    3%

    Railway

    550

    6%

    570

    4%

    container

    520

    -28%

    510

    -2%

    Energy

    4000

    5%

    4100

    3%

    Others

    11200

    4%

    11400

    2%

    Total

    87530

    6%

    88980

    2%

    .Asian Metal CopyrightChina Iron Steel Association CISA recently released a forecast of China's steel consumption in 2019-2020Asian Metal Copyright
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