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MNI BRIEF: China Steel Output Up In January Y/Y

MNI (BEIJING)
MNI (Beijing)

China’s daily output of crude steel reached 2.01 tons for January, up 1.48% y/y but down 3.69% m/m, according to data released by the China Iron and Steel Industry Association on Tuesday.

China’s steel demand could rebound this year following an estimated 2.2% decline in 2023 should government policies reverse property-sector weakness and new growth drivers expand. (See: MNI: China 2024 Steel Demand Hinges On Property Investment).

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China’s daily output of crude steel reached 2.01 tons for January, up 1.48% y/y but down 3.69% m/m, according to data released by the China Iron and Steel Industry Association on Tuesday.

China’s steel demand could rebound this year following an estimated 2.2% decline in 2023 should government policies reverse property-sector weakness and new growth drivers expand. (See: MNI: China 2024 Steel Demand Hinges On Property Investment).

Keep reading...Show less