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China’s 2024 steel demand to fall 1.7% from this year

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By Reuters
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BEIJING: China’s steel demand in 2023 will decline by 3.3% from 2022 to 890 million metric tons and contract a further 1.7% in 2024, the state-backed China Metallurgical Industry Planning and Research Institute said on Friday.

Nippon Steel confident hefty premium for US Steel makes sense

The world’s largest steel producer manufactured a total of 952.14 million tons of crude steel in the first 11 months of 2023, up 1.5% year-on-year, official data showed last week.

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