Tag: China’s crude steel output drops y-o-y in CY’24 amid low domestic demand

Realty sector struggles, infra funding stays low Output cuts likely in early CY’25 amid Lunar New Year China’s crude steel production dropped by 1.7% y-o-y to 1005.09 million tonnes (mnt) in CY’24, compared to 1020.51 mnt in CY’23. However, crude steel production in December 2024 stood at 75.97 mnt, reflecting an 11.8% rise compared to…