Chinese steel production at a new peak

摘要

Jim Lennon, managing director, Red Door Research, analyses thelatest ramifications of China’s steel outputThe past year has seen some surprising developments in Chinesesteel. The pessimism that existed at the start of 2016 proved to bemisplaced. Steel production and consumption rose year-on-year in2016, compared with expectations of big falls at the start of the year.Sectors that surprised on the upside in 2016 included housing,autos and infrastructure.