China’s steel-related consumption in the first quarter of 2022 dropped 9.5% on the year to 235 million mt, according to the China Iron & Steel Association.
S&P Global’s calculations, based on crude steel output, net exports and steel inventories, showed steel-related consumption dropped 6.3% on the year in Q1, while March saw a 3.8% decline on the year.
Steel-related consumption in April is expected to fall by up to 20% on the year, calculations by S&P Global showed.
