China’s steel consumption is set to decline this year as demand from property, autos, ships and appliances weakens, according to the China Iron and Steel Association
The country’s apparent crude steel demand fell 6 percent in the first quarter, CISA said in a report posted on its website Wednesday. Faltering consumption at home will sustain exports as producers seek profits overseas. China’s exports of steel products in the first quarter rose 41 percent from the same period last year to 25.8 million tons, customs data shows.
