Chinese steel industry’s energy consumption expects to decrease in 2019

Monday, 24 December 2018 11:16:26 (GMT+3)   |   Shanghai
       

Chinese steel industry’s energy consumption is expected to increase by 8.9 percent in 2018 against the background of an 11 percent increase to be seen in crude steel output in the given year, as announced by China Metallurgical Industry Planning and Research Institute (MPI). However, the steel industry’s energy consumption is estimated to decrease by 3.4 percent in 2019, with crude steel output being expected to see a year-on-year decrease of 2.4 percent in the given year.

MPI forecasts that China’s steel inventories in 2020 will amount to 10 billion mt, before reaching 12 billion mt in 2025. By the year of 2020, China’s annual scrap supply will amount to 210 million mt and it will reach 270-300 million mt in 2025.

 


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