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18 Dec
07:44

CISA estimates domestic steel demand below 800mt

He Wenbo, the secretary of the Party Committee and executive chairman of the China Iron and Steel Industry Association (CISA), expects that China's finished steel demand will decline by over 9% from 2025 to 2035, Kallanish notes. According to He, China's finished steel demand in 2025 is estimated at 870 million tonnes and this could drop to 830mt in 2030 and to 790mt in 2035. On a crude steel basis, demand is forecast at 910mt in 2025, 860mt in 2030 and 82…
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