Press & Media

Newsletter

Visitor Exhibitor Media
China's crude steel consumption to exceed 900m tons in 2019

2019-11-27    Author:   Source:www.chinadaily.com.cn   Views:1023    

Steel China,Shanghai Fastener Expo,International Fastener Show China

Photo taken on July 22, 2018 shows a production line of H-shaped steel in Qian'an, North China's Hebei province. [Photo/Xinhua]


BEIJING - China's apparent consumption of crude steel is expected to surpass 930 million tons by the end of 2019, industry information provider Lange said.

The number is 6 percent higher compared with last year and the growth will mainly be driven by China's strong domestic demand, according to Lange.

The thriving demand could be attributed to the country's steadily expanding economy and the continued growth of fixed-asset investment in the country.

Combined apparent consumption of crude steel came in at 781.53 million tons during the first 10 months of the year, up 8.2 percent year-on-year, according to statistics.

Export of crude steel, however, shrank by 5.8 percent year-on-year to about 55.09 million tons during the period, as mounting global economic downward pressure and increased protectionism dampened the export market, Lange said.

China's strong domestic demand will continue to be a major contributor to its crude steel consumption growth in the future, said Lange. 

Today, China has a huge market in the world. Tremendous fast-growing markets for imports and business opportunities for companies around the world. If you want to expand your business, International Fastener Show China shall be a tremendous opportunity.


Pre-registration online to enjoy  VIP service 

Please click here!  http://en.afastener.com/visitorbook.html 


Previous article:China Steel reduces Q1 2020 domestic prices

Next article:Taiwan industrial production weakens in October

Newsletter

Visitor Exhibitor Media

Contact

Afastener Exhibition Co., Ltd.

Tel:+86 (0)20 8985 1867

E-mail: Info@afastener.com