-
Chinese Steel demand may drop by 3.5% in 2015, 2% in 2016
3,217views 2015-10-19 16:44The Chinese economy has decelerated as the impact of the rebalancing measures on the investment and real estate sector turned out to be more severe than expected, said the World Steel Association (worldsteel).
As a result, activities in the construction and manufacturing sectors have slowed considerably. China’s steel demand is expected to decrease by 3.5% in 2015 and 2.0% in 2016, following its demand peak in 2013.
There is an increasing risk associated with this economic slowdown and the consequent financial market volatility, which has become a global concern.
worldsteel also forecasts that global steel demand will decrease by 1.7% to 1,513 Mt in 2015 following growth of 0.7% in 2014. In 2016, it is forecast that world steel demand will show growth of 0.7% and will reach 1,523 Mt.
Source: Scrap Register -
Recent Articles
- Dry Bulk Net Fleet Growth in 2018 At 3%
- 【权威】重磅，压载水公约今日起对我国正式生效！
- China’s 2018 iron ore imports fall 1 pct,first annual drop since 201
- 2019年干散货海运贸易将小幅增长
- Coal shipment from South Africa arrives in Ukraine Black Sea por
- Asia Dry Bulk-Capesize rates could slip further on uncertain cargo
- China compiled price index for iron ore used for first time
- China’s September coal output down 2.2 percent
- Iron ore at risk of slumping below $US50
- India’s September coal imports slump 27 pct to 12.6 mln tonnes
Hot Articles
- China’s 2018 iron ore imports fall 1 pct,first annual drop since 2010
- Coal shipment from South Africa arrives in Ukraine Black Sea port: Ministry
- Panamax bulker rates ‘up by the hour’
- Asia Dry Bulk-Capesize rates could slip further on uncertain cargo demand
- China compiled price index for iron ore used for first time
- 【权威】重磅，压载水公约今日起对我国正式生效！
- Iron ore recovers as Chinese buyers cautiously return
- 2019年干散货海运贸易将小幅增长
- Iron ore at risk of slumping below $US50
- India’s September coal imports slump 27 pct to 12.6 mln tonnes
