Weak output seen in China steel and cement sector in Q3

But demand for aluminium remains strong.

The steel and cement sectors in China are expected to face weak output in the third quarter of 2024, according to Fitch Ratings.

This is due to subdued demand from the property and infrastructure sectors, as well as slower construction activities during the summer season.

In contrast, the demand for aluminium is expected to remain strong, driven by ongoing manufacturing activities.

In the first half of 2024, China's crude steel production decreased by 1% year-on-year, mainly due to low margins and soft demand. Despite a decrease in raw material prices, the average selling price for steel also fell, reflecting the overall market conditions.

The cement sector saw a more significant 7% year-on-year decrease in output, attributed to a sustained decline in property investments and slower growth in infrastructure spending.

Whilst the average selling price for cement was 15% lower year-on-year, there was some improvement as producers reduced production to stabilise prices.

On the other hand, aluminium production increased by 7% year-on-year in the first half of 2024, driven by investments in green energy, automotive, and home appliance sectors.

This helped push the average selling price for aluminium to a two-year high by the end of May 2024.

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit