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China’s apparent crude steel consumption down 9.5% in Q1

In the January-March period this year, China’s apparent consumption volume of crude steel amounted to 235 million mt, down 9.5% year on year, according to the China Iron and Steel Association (CISA).

In the first three months of the year, the steel consumption from major industries saw a year-on-year decline of 5%, with 7% decline in the construction industry and 2% drop in the manufacturing industry.

In the first quarter, China’s crude steel output reached 243.38 million mt, down 10.5% year on year, with the average daily output amounting to 2.7042 million mt, higher than the average daily output recorded in the fourth quarter last year, despite the year-on-year decline.

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Arab Iron and Steel Union ( AISU ) was established in Algeria in 1971 as the first Arab union of Arab countries to be established under the umbrella of the Council of Economic Unity in the League of Arab States.

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AISU works in the field of preparing studies, organizing courses and holding periodic conferences for the prosperity of the Arab iron and steel industry. The union includes a wide range of companies with multiple activities related to the iron and steel industry.

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