China steel demand to see zero growth in 2019 at 781 mil mt: worldsteel

  • Tuesday, October 16, 2018
  • Source:ferro-alloys.com

  • Keywords:China,demand,zero growth
[Fellow]China steel demand to see zero growth in 2019 at 781 mil mt: worldsteel

[ferro-alloys.com]China's steel demand will remain flat on year at 781 million mt in 2019 as the nation's economy undergoes "rebalancing" and environmental regulations become more stringent, the World Steel Association said a forecast Tuesday.

This compares with its full-year growth forecast of 6% for 2018.

Asian steel demand will grow 1.3% next year to 1.132 billion mt after growth of 5% in 2018, the association said at a media briefing at its general assembly in Tokyo.

Among the 10 biggest steel consuming countries, India is expected to see the largest growth in demand, with on-year growth of 7.5% in 2018 and 7.3% in 2019 to an estimated 102.3 million mt in 2019, it added.

 

  • [Editor:王可]

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