China's steel market will continue to expand in 2019. Driven by the consumption demand and driven by the increase of new capacity and capacity utilization rate, the national steel output has a strong growth, which is likely to reach a new level of 1 billion tons.
In 2019, China's steel demand is strong, and the total demand for crude steel (including exports) is about 1 billion tons, which naturally drives the corresponding growth of national steel production. According to statistics, in the first 10 months of this year, China's crude steel output was 829.22 million tons, an increase of 7.4% over the same period last year; pig iron output was 675.18 million tons, an increase of 5.4%; steel output was 1010.34 million tons, an increase of 9.8%, all of which were significantly faster than last year. As the situation of national steel demand is still good in the fourth quarter of this year, stimulating the steel enterprises to continue to increase production, it is estimated that the national crude steel statistical output will close to 1 billion tons in 2019, or even reach 1 billion tons, an increase of about 6% over the previous year.
