China steel demand to climb 2% in 2020: CISA

摘要

Singapore—China’s finished steel consumption will increase 2% on the year to 889.8 million mt in 2020, driven by demand from construction sector, according to China Iron & Steel Association estimates released last week. The total steel consumption rose by 6% on the year in 2019 to 875.3 million mt, according to CISA. Steel market sources considered a further 2% rise in steel demand in 2020 as decent growth, considering domestic steel demand in 2019 had been strong enough to absorb most of China's incremental steel production.