China steel and Economic data 5M 2024

China’s steel and related sectors for the period of Jan-May 2024 reveals a slight decrease in crude steel and pig iron production (1% YOY),a significant increase in steel imports (25% YOY),modest growth in steel exports (2% YOY), and a steady increase in iron ore imports (3% YOY). However, coal imports saw a substantial reduction (13% YOY).Cement production remained stable,while automobile production decreased by 10%. These trends reflect the complex interplay of domestic production, imports, and exports in shaping China’s steel industry and related sectors during this period.


Comments

Leave a Reply

Your email address will not be published. Required fields are marked *