“The decline in Chinese domestic demand for steel has been well documented and there had been reports in the press of government plans to cut some of the older, more polluting capacity and to reduce annual Production by around 150 million tonnes in five years. There has been very little evidence of any progress being made in this regard, however, as although Chinese production fell by 3% year on year in the first quarter, the traditionally strong month of March actually saw production increase by 1% to 70.7 million tonnes which, incredibly, represents the highest ever monthly production figure from the country”.
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Andrzej M Kotas
This post first appeared on Steel On The Net Blog - Steel Industry Weblog, please read the originial post: here
