Economy
October 22, 2017
China’s Economy Still Drives Steel
Written by Peter Wright
China’s economy continues to show robust growth, and in August recorded its highest-ever share of total global steel production.
Once each quarter, we publish the official statistics for Chinese GDP, industrial production, consumer price inflation and fixed asset investment. Currently available data is through the third quarter. Many analysts don’t believe these self-serving Party figures, but we include them in our reports because of the importance of China in the global steel scene, and these numbers are all there is. Figure 1 shows published data for the growth of GDP, industrial production and consumer prices through the third quarter of 2017. The GDP and industrial production portions of this graph are three-month moving averages.
