From January 2023 to May 2024,China’s steel industry has seen the Manufacturing Investment Growth Rate started above 10% in January 2023 peaked near 12% in mid-2023, and declined to just below 8% by May 2024.The Infrastructure Investment Growth Rate showed a similar trend, starting at 8% and declining to about 6% by May 2024. The Real Estate Development Growth Rate was more volatile, starting at 5%, spiking to just above 2%, and ending near 4%. Automobile Sales dropped from 0.6 million units in January 2023 to 0.2 million units in February,then recovered to approximately 0.5 million units by May 2024.These trends provide insights into various sectors of China’s economy related to steel usage, with potential implications for global economic conditions and commodity markets.
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