Cisa revising China's 2020 steel consumption forecast on Covid-19 pandemic

By IM Staff
Published: Monday, 27 April 2020

The China Iron & Steel Association (Cisa) is revising its forecast for Chinese steel consumption in 2020 to take into account the effects of the Covid-19 pandemic, the association said earlier this week.

By Jessica Zong

It expects this year’s steel demand to be lower than last year’s, though it has yet to disclose its actual revised estimate.

Cisa noted that it had already forecast a 0.5% drop in steel consumption in February when the Chinese government made the decision to...

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