Is China's crude steel output of 1 billion tons the peak of the steel industry?

 Is China's crude steel output of 1 billion tons the peak of the steel industry?

Judging from the development history of the steel industry in the United States and Japan, their crude steel output reached its peak in 1973 (the United States: 136.8 million tons, Japan: 119 million tons). Since then, the crude steel output of the United States fell below 100 million tons in 1982, and then the average annual crude steel output was only 88 million tons, a drop of 36% from the peak value; Japan’s crude steel output maintained an average annual output of 105 million tons after the peak The output of crude steel in China has dropped by 12% from the peak value.

So, is China's crude steel output of 1 billion tons the peak of the steel industry? Judging from the operation of the domestic real estate and infrastructure industries, the crude steel output of 1 billion tons will most likely become the peak of China's steel industry.

The global energy crisis is approaching step by step, and the Russian and American leaders shouting from the air is indeed a bit interesting, and you will slowly understand the deep meaning. The OPEC+ statement just said that the decision to cut production by 2 million barrels per day will take effect from November and will last until December 2023. Earlier, Russian Deputy Prime Minister Novak said that the oil price cap will lead to more expensive transportation and later delivery costs, which may lead to temporary cuts in Russia's oil production.

The White House issued an announcement regarding the OPEC+ production cut decision in November. The OPEC+ decision will have the "most negative impact" on low- and middle-income countries. U.S. President Joe Biden said that the strategic oil reserve will continue to be released appropriately. Deliver another 10 million barrels of oil from reserves to the market. Biden urgently called on US energy companies to lower gasoline prices.