Tag: China’s sector-wise steel demand projected at 959 mn t in CY’22

*Credit squeeze in real estate sector may affect steel demand *Fall in exports to impact machinery, container sectors *Shipbuilding to register robust growth in steel usage China, the world’s top steel producer, witnessed a drop in steel production to an estimated 1.03 billion tonnes (bn t) in CY’21 from 1.065 bn t in 2020, the…