Crude steel apparent consumption falls 3.8% on year in March Demand may fall further amid the cash-strapped property sector China’s steel demand is expected to continue declining in April as deteriorating property sales weighs on the domestic steel markets, industry sources told S&P Global Commodity Insights. Receive daily email alerts, subscriber notes & personalize your experience. Register Now The cash crunch being faced by property developers may extend through much of 2022, persistently undermining China’s steel demand this year, sources said. China’s apparent consumption of crude steel declined 3.8% on the year to 72.29 million mt in March amid a slowing property sector, calculations based on crude steel output, net exports and steel inventories by S&P Global showed. China’s property sales value fell 26.1% on the year in March, declining further from a 19.3% year-on-year drop in January-February, according to latest data from the National Bureau of Statistics. The […]