Domestic steel demand will grow by 1.41% in 2015

According to the planning institute of metallurgy industry 3, 2014 steel in our country the actual consumption of 710 million tons, 2.45% increase compared to the same; In 2015 our country actual demand for steel 720 million tons, up 1.41% from a year earlier.

This is for ten consecutive years, planning institute of metallurgy industry of our country steel consumption and demand forecast next year.

“Under the background of the domestic economic slowdown, falling export growth, building, machinery, automobile and other downstream of the iron and steel industry growth is slowing, steel consumption in China has been increased, but the growth rate declined obviously.” Planning institute director li xinchuang metallurgy industry analysis, said next year is expected to the downstream industry all have varying degrees of growth, but difficult to see the fundamental improvement, demand will maintain a small growth.

Its predicted, almost all industry demand for steel consumption growth will decline, among them, the construction industry steel consumption grew by 2.4% in 2014, year-on-year growth in demand will fall to 1.28% next year; Machinery industry in 2014, 5.3% year-on-year increase in steel consumption, demand growth next year to 3%; The auto industry in 2014, 5.9% year-on-year increase in steel consumption, fell to 5% year-on-year growth in demand for next year.

Speculation results show that the above planning institute of metallurgy industry is expected in 2014 and 2015, China’s crude steel output is 810 million tons and 834 million tons respectively, year-on-year growth of 5.26% and 1.7%, respectively; Pig iron production in China is expected in 2014 and 2014, respectively, to 720 million tons and 732 million tons, up 1.56% and 1.56% respectively.

In addition, affected by the demand slowdown, iron ore import growth rate will drop. Its predicted that 2014 imported iron ore 940 million tons, up 14.7%; Is expected in 2015 China’s imports of iron ore 1 billion tons, up 6.4% from a year earlier.