CISA: China's crude steel output to surpass 1 billion tons in 2020
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Update time : 2020-10-28 16:10:22
China Iron and Steel Association (CISA) expected that China's crude steel output will surpass 1 billion tons this year, with a year-on-year increase of 3-5%.
The annual steel export volume in 2020 was estimated to drop by approximately 15% year on year, and the import volume was foreseen with the growth of 60% for this year.
In addition, it was expected that the key steel enterprises in China will realize profits of roughly RMB 180 billion in 2020, a possible slight decrease or keeping flat year on year.
