In 2020 demand for steel in China decline slightly
it is Expected that the steel demand in China in 2020 will drop slightly to 874 million tonnes, it said in the forecast report.
According to a statement from the China Institute for planning and research in metallurgy, the steel demand in construction industry will decline by 0.6 percent annually to 475 million tons.
demand in the engineering industry is likely to remain largely stable next year at 142 million tons.
it is Expected that the automotive sector will experience the greatest decrease in demand by about 3.6 per cent per annum. The demand from this sector of the industry is likely to reach to 48.2 million tons.
In accordance with the report, the power industry is expected to increase demand by 1.5 percent to 34.5 million tons.