CISA: steel production in China will exceed 1 billion tons in 2020

The China Iron and Steel Industry Association (CISA) expects steel production in China to exceed 1 billion tons this year, an increase of 3-5% over the same period last year.

Annual steel exports in 2020 are estimated to decline by about 15% year on year, while imports are forecast to grow 60% this year.

In addition, key steel makers in China were expected to generate profits of about RMB 180 billion in 2020, which may decline or remain flat year over year.

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