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Industry dynamics

McKinsey: China's steel production will drop year by year before 2020
  • 2017-03-01

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McKinsey & company said, because of China government stimulus efforts in unexpected steel production rose in 2016, China's iron and steel production and demands are expected to decrease year by year until 2020.

According to McKinsey's partner Oliver Ramsbottom forecast in a iron ore conference in dalian, steel production in  2017  will be 792 million tons compared to 808 million tons in 2016. It is 778 million tons 2018 and 760 million tons in 2020.Steel demand is expected 649 millions in 2020 tons. It is less than 2016 tonnes in 687 million and forecasts 676 million tons this year.

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