China’s 2022 Steel Output Slides 2.2%, Industry Group Says

China’s steel production in 2022 fell 2.2% from the previous year to an estimated 1.01 billion tons as the economic slowdown and the protracted property slump sapped demand, according to Qu Xiuli, vice chairman of the China Iron and Steel Association (CISA).

China’s crude steel production totaled 935 million tons in the January-to-November period, down 1.4% from a year earlier, Qu said Sunday at an industry summit. December production has yet to be reported.