CONF: China’s steel output at 1.05 billion t for 2020

China’s crude steel output will probably reach 1.05 billion tonnes for 2020, or having maintained an average growth of 50 million tonnes/year in recent years, and its share in the global steel output will rise to 58% from the 53% for 2019, Luo Tiejun, vice chairman of China Iron & Steel Association (CISA), shared with delegates of Mysteel Annual Summit on December 19 in Shanghai.

The high steel production this year has been driven by strong demand, he emphasized, sharing that against the 5.5% on-year growth in China’s crude steel output over January-November, the country’s apparent crude steel consumption is estimated to have grown by 9.8% on year to 950 million tonnes in the first 11 months of