Financial Times FT.com

Chinese steel consumption set to fall

By Patti Waldmeir in Shanghai

Published: September 3 2008 14:50 | Last updated: September 3 2008 14:50

Growth in Chinese steel consumption is expected to slow markedly in the second half of this year amid weakening demand from the construction, household appliance and automobile industries, according to industry experts.

Yang Siming, general manager of Nanjing Iron & Steel told a steel conference in Xiamen this week that most Chinese steel mills had cut output last month, because of shrinking demand and high costs of raw materials.

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