Hebei’s steel output hit 57.53 million tons in the first quarter of this year, up almost 19% on the same period of 2018, Wu Jingjing, a deputy director of the China Iron and Steel Association, said at an industry event on Tuesday.A bigger worry is that this steel might be consumed.
Most significantly, it accounted for 46.1% of the national rise during the same period, during which China produced 231 million tons of steel, a year-on-year increase of 9.92%. This has led many industry experts to worry that efforts to control output in the country that produces over half of the world’s steel are failing.
Schedule for Week of May 5, 2024
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This will be a very light week for economic data.
*----- Monday, May 6th -----*
2:00 PM: *Senior Loan Officer Opinion Survey on Bank Lending Practices* for...
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