China says steel output will be up around 4% this year

China Iron and Steel Association (CISA) briefing via Reuters, main points:

 

  • the association says it expects 2020 crude steel output to exceed 1 bln tonnes, up 3 to 5% y/y
  • expects 2020 steel products exports down about 15%
  • imports up about 60%
  • says steel firm members Q4 orders relatively full

 

CISA gives credit to government support/stimulus for the output gains expected.