How China's 13th five-year plan could affect steel demand
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Report summary
The Chinese government released the framework for its 13th five year plan (FYP) in March 2016. The plan outlines the country's economic and social development goals for 2016 2020. We compare the targets with what China has achieved during the 12th FYP period to illustrate the trends for steel demand inmajor consuming sectors including construction of property construction of infrastructure and machinery. The governmentaims to reform steel consuming sectors rather than stimulate their expansion and we conclude thatthe13th FYP will not support steel demand growth in any of the major steel consuming sectors.
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This report includes 2 images and tables including:
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- Construction of city clusters in the 13th FYP
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- Steel-related targets in the 12th and 13th five-year-plan
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