Latest News
China's steel consumption falls in Q1
Last Updated: 2022-05-01 15:50 | Xinhua
 Save  Print   E-mail

China's steel consumption fell 5 percent year on year during the first quarter of the year (Q1) partly due to waning demand as the resurgence of domestic COVID-19 cases slowed down the construction of many projects.

From January to March, steel consumption of the building industry dropped 7 percent from a year ago, while that of the manufacturing sector dipped 2 percent, said Qu Xiuli, vice chairperson of the China Iron and Steel Association.

The global uncertainties also caused a decline in steel exports and imports, she said.

However, China's whole-year steel consumption will likely remain flat from that of last year with the implementation of measures to stabilize growth, said Shi Hongwei, deputy secretary-general of the association.

"The previously pent-up steel consumption will not disappear. It will only be delayed," Shi said.

(Editor:Fu Bo)

Share to 
0
Related Articles:
BACK TO TOP
  • Sports
  • Soccer
  • Basketball
  • Tennis
  • Formula One
  • Athletics
  • Others
  • Entertainment
  • Celebrity
  • Movie & TV
  • Music
  • Theater & Arts
  • Fashion
  • Beauty Pageant
Edition:
Link:    
About CE.cn | About the Economic Daily | Contact us
Copyright 2003-2020 China Economic Net. All right reserved
China's steel consumption falls in Q1
Source:Xinhua | 2022-05-01 15:50
Share to 
0