Four amongst China’s top seven steel-producing provinces showed a y-o-y decline in January-April, 2024, reveals data maintained with BigMint. Overall, volumes dropped 4% to 342 million tonnes (mnt) in this period from 357 mnt seen in the same four months in 2023. Hebei, the largest producer amongst the seven, after showing flat growth over the first two months of the year, started declining from March and recorded a decline of 3% to 74 mnt over January-April. Jiangsu, the second-largest producer, saw volumes flattening out at 42 mnt although it had shown an increase over January-March.
