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On December 7, the China Metallurgical Industry Planning and Research Institute said that it is expected that China's steel demand in 2015 will fall by 4.
8% year-on-year to 668 million tons, and iron ore (62% grade) demand will decrease slightly by 0.
4% to 1.
12 billion tons in the same period; the forecast data also shows that China's steel demand will continue to decline to 648 million tons in 2016, and iron ore demand will fall to 1.
073 billion tons
in the same period.
The Planning Institute also pointed out that in 2015, China's economic development faced multiple difficulties and challenges, import and export volume fell year-on-year, fixed asset investment growth rate declined, economic growth rate declined, machinery and automobile production growth fell sharply, shipbuilding industry achieved growth, but driven steel consumption is limited
.
For global steel consumption, the Planning Institute expects global steel demand in 2015 to be 1.
513 billion tons, down 2.
0% year-on-year; Steel demand in 2016 was 1.
499 billion tons, down 0.
9%
year-on-year.
On December 7, the China Metallurgical Industry Planning and Research Institute said that it is expected that China's steel demand in 2015 will fall by 4.
8% year-on-year to 668 million tons, and iron ore (62% grade) demand will decrease slightly by 0.
4% to 1.
12 billion tons in the same period; the forecast data also shows that China's steel demand will continue to decline to 648 million tons in 2016, and iron ore demand will fall to 1.
073 billion tons
in the same period.
The Planning Institute also pointed out that in 2015, China's economic development faced multiple difficulties and challenges, import and export volume fell year-on-year, fixed asset investment growth rate declined, economic growth rate declined, machinery and automobile production growth fell sharply, shipbuilding industry achieved growth, but driven steel consumption is limited
.
For global steel consumption, the Planning Institute expects global steel demand in 2015 to be 1.
513 billion tons, down 2.
0% year-on-year; Steel demand in 2016 was 1.
499 billion tons, down 0.
9%
year-on-year.
