Analyst Pin-board: Steel Production and Consumption in 6M2020
In 6M2020, despite the negative impact of COVID-19, there were positive signs in the growth rate of the construction industry and the coated steel segment. The construction industry grew at a pace of 4.5% in 6M2020, which was higher than the GDP growth rate of 1.8%. Domestic consumption of coated steel increased by 6.5%, while that of construction steel and steel pipe decreased by 8.1% and 6.8% respectively.
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