Market News
China’s crude steel output reaches 1 billion tons in 2020
According to the market news, the total output of crude steel in China has reached 1 billion tons in 2020, increased by 5.2% year on year.

Among them, the total number of crude steel production in 2020 was around 1.05 billion tons, and the total output of pig iron also showed an increase of 4.3% year on year, came to 888 million tons.

Moreover, the total demand for steel products domestic also increased by around 9% year on year, and the construction industry’s steel demand showed over a 10% increase in the same period.