China’s steel demand to grow by 3% in CY ’21 boosted by govt projects: WSA

Steel demand in China is expected to grow 3% this year, according to the World Steel Association (WSA). The association expects that the stimulus measures introduced in 2020 will largely remain in place to ensure continued reasonable growth in the economy. However, in 2022, demand will decelerate to 1% as the effect of the 2020 stimulus subsides, and the government focuses on more sustainable growth.