9,484.26 TRY BIST 100 BIST 100
5.23 CNY CNY CNY
41.82 EUR EUR EUR
37.91 USD USD USD
0.12 CNY CNY/EUR CNY/EUR
45.20 TRY Interest Interest
69.56 USD Fossil Oil Fossil Oil
31.51 USD Silver Silver
4.76 USD Copper Copper
102.77 USD Iron Ore Iron Ore
356.00 USD Shipbreaking Scrap Shipbreaking Scrap
3,797.04 TRY Gold (gr) Gold (gr)

China's consumption of hot-rolled flat products is expected to increase in 2024

China's consumption of hot-rolled flat products saw strong growth in 2023, reaching 268.7 million tons with a remarkable increase of 7.63%. Key sectors such as cold-rolled products, machinery, construction steel structures, containers, steel pipes, automobiles, and household appliances were driving forces behind this growth. Similarly, production of cold-rolled flat products approached 140 million tons in 2023, marking a growth of 6.69%.

China's consumption of hot-rolled flat products is expected to increase in 2024

In 2024, it is anticipated that China's consumption of hot-rolled flat products will continue its steady growth trajectory, reaching approximately 275 million tons with a 2.2% increase. Production of cold-rolled flat products is also expected to rise to 145 million tons, representing a 3.6% increase.

These forecasts are based on expectations of continued economic expansion in China, sustained infrastructure investments, recovery in manufacturing sectors such as automotive and appliances, and stability in commodity prices.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

China to impose a 34% tariff on the US!

Friday, April 4, 2025

American Iron and Steel Institute praises Trump

Friday, April 4, 2025

Poor quality steel alert in Thailand: Federation of Thai Industries calls for stricter inspections

Friday, April 4, 2025

ArcelorMittal South Africa closure delayed by six months

Friday, April 4, 2025

EUROMETAL discusses critical steel sector issues with European Commission

Friday, April 4, 2025
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now