Tag: China: Steel demand from shipbuilding sector likely to exceed 11 mn t in CY’22

Steel demand from China’s shipbuilding sector is expected to grow more than 10% on the year to over 11 million tonnes (mnt) in CY’22, for the first time in six years. In CY’16, steel consumption stood at around 11.5 mnt and that in CY’17 decreased to 8 mnt. The same recovered to 9.8 mnt in…