China's pig iron and crude steel production growth are expected to slow to 1.7% year on year and 2% year on year, respectively, in 2020, equivalent to an additional 14 million mt of pig iron and 20 million mt of crude steel, according to S&P Global Platts analysis.Incremental pig iron and crude steel production in 2020 will mainly come from new facilities commissioned in the second half of 2019 and in first-half 2020.The slower rate of steel production growth, compared with last year's increase of 7% year on year, is due to lower capacity expansion in 2020, and because steel capacity utilization rates will likely stay at a similar level to 2019 this year.
Source : https://www.spglobal.com/platts