China’s 2020 steel output, consumption to hit highest on record, said government think tank
China’s 2020 steel output, consumption to hit highest on record, said government think tank

China’s 2020 steel output, consumption to hit highest on record, said government think tank

 

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China's steel product consumption is expected to hit a new record high of 981 million tonnes this year, rising 9.6 per cent or about 100 million tonnes from last year, according to a report released by the China Metallurgical Industry Planning and Research Institute (MPI), a government think tank.

The country's crude steel output is estimated to reach 1.05 billion tonnes this year, also an all-time high, rising 5.4 per cent from last year and jumping above 1 billion tonnes for the first time on record, said the institute.

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