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    Market Data

    July 16, 2018

    China’s Economy Slows, But Not Its Steel Production

    Written by Peter Wright

    Growth of China’s economy has flattened, but steel production continues to surge. 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. China’s economic statistics are never revised.

    Figure 1 shows published data released this week for the growth of Chinese GDP, industrial production and consumer prices through second-quarter 2018. The GDP and industrial production portions of this graph are three-month moving averages (3MMAs).

    Peter Wright

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