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China crude steel production may break through 1 billion and reach a new record in 2020

Affected by the expected decline in profits, China's crude steel production will reach a new record in 2019, and the total crude steel production is expected to reach 980 million tons. 2020 will usher in the peak period of steel production capacity replacement. As most of the new blast furnaces are "small for large", the new blast furnace has a significant improvement in production technology and volume ratio. Although the way of reduction replacement is adopted, it is undeniable that the new blast furnace has more advantages than the blast furnace running for ten years or even longer.

In 2020, the profits of the steel industry will continue to decline, and the situation of profit grabbing by steel production enterprises will still exist. The crude steel production will break through the scale of 1 billion tons in 2020, and reach a new record.