Qu Xiuli, secretary general of the China Iron & Steel Association (CISA), predicted China’s crude steel output to exceed 1 billion tonnes or grow 3-5% on year for 2020 on the backup of strong demand when she spoke at the press conference on October 26 sharing the country’s third-quarter steel market performance.
As for the last quarter, in tandem with the modest softening in demand when winter comes to North China, steel output will ease marginally too, she said, sharing that China’s steel output grew 1.2% on year in the first quarter, up 1.7% on year in Q2 and surged 10.3% in Q3 as demand.