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CISA Expects Steel Demand to Grow Significantly in Q2

  • China China  
  • Last Updated:
    Posted on: 24 Jul 2020

  • Buying Frequency: Weekly
  • Payment Terms: T/T

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On April 22, China Iron and Steel Association held an online meeting. He Wenbo, executive chairman of CISA, introduced the operation situation of the steel industry in the first quarter and the key work in the next stage.

I Operation of Steel Industry in Q1

Steel production remained stable. According to data released by the National Bureau of Statistics, the cumulative production of crude steel nationwide in the first quarter was 234.45 million tons, an increase of 1.2% year-on-year, and the average daily output was 2.5764 million tons, an increase of 0.09%.

Steel exports declined, and imports increased. In the first quarter, China's cumulative export of steel products was 14.29 million tons, down 16.0% year-on-year; imported steel products were 3.18 million tons, up 9.7% year-on-year. In March, the country exported 6.48 million tons of steel, an increase of 2.4% year-on-year; imported steel was 1.14 million tons, an increase of 26.5% year-on-year.

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