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Steel consumption forecast of China in 2020

In 2019, the market demand of iron and steel industry is good, mainly due to the stable operation of infrastructure, real estate and other downstream industries. But the development situation of each industry is not the same, among which the investment in infrastructure industry keeps a low-speed and stable growth, the real estate investment and new construction keep a high-speed growth, the machinery industry keeps a stable operation, the automobile industry continues to be in a downturn, the three major indicators of shipbuilding industry fall by two and rise by one, and the household appliances industry keeps a steady growth, and the container industry has fallen into a downturn. It is estimated that the steel consumption in 2019 will be about 880 million tons, an increase of 6% year on year.

In 2020, the main downstream industries of iron and steel will continue to differentiate, among which infrastructure investment will increase, the growth rate of real estate industry investment and new construction may slow down, the household appliance industry will maintain a steady growth, and the central branch industries of automobile, ship, container and machinery industry may have a negative growth, but overall, the demand for steel is expected to increase slightly, reaching 890 million tons, a year-on-year growth of 2%.