SMU Data and Models
April 23, 2018
China’s Economy, Steel Production Continue to Grow
Written by Peter Wright
Once each quarter, Steel Market Update publishes the official statistics for Chinese GDP, industrial production, consumer price inflation and fixed asset investment. 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 that’s available. Economic statistics are never revised. Figure 1 shows published data released this week for the growth of GDP, industrial production and consumer prices through the first quarter of 2018. The GDP and industrial production portions of this graph are three-month moving averages.
