Posted on 28 Dec 2020
A publication from the China Metallurgical Industry Planning and Research Institute China’s steel use is projected to hit 991 million tonnes next year, a rise by 1 percent annually.
According to the publication, the small rise in use will be supported by quicker economic revival.
Demand from the building and machinery sectors will carry on increasing in 2021, with rise in the two domains increasing to 580 million tonnes and 160 million tonnes, each.
As the worldwide economy picks up from the coronavirus breakdown, the report estimates that global demand for steel will climb to 1.83 billion tones next year, a rise by 4.9 percent annually.
Source:MENAFn
