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Analysis of production and sales volume of China's steel industry this year

Posted:2021-03-04 17:14:46

Before 2016, China's steel production showed a downward trend, reaching the lowest point of 1.04 billion tons in 2016. After 2016, China's steel output has increased rapidly, and by 2020, China's steel output has reached 1.325 billion tons. The rapid growth of production is due to the rising domestic demand on the one hand, and the rapid growth of China's steel exports on the other.

From 2014 to 2016, China's steel sales volume has been maintained at about 1.1 billion tons. Affected by the demand, China's steel output grew rapidly from 2017 to 2019, reaching 11.9 billion tons, an increase of 100 million tons compared with 2018, with a year-on-year growth of 9.2%.