Major Downstream Steel Industries Weakened in 2022

Major downstream steel industries weakened in 2022. The construction industry diverged, among which the main indicators of real estate continued to decline while the investment in infrastructure construction maintained rapid growth. The overall manufacturing industry was stable, among which the industrial added value of the machinery industry continued to grow while the growth rate of the export value of mechanical and electrical products continueed to decline. The automobile industry kept growing, and the new energy and export markets performed well. The shipbuilding industry was generally stable and improved, and the on-hand ship orders continued to increase. The output of the two major white goods in the home appliance industry increased while other kind decreased. The output and export volume of containers dropped sharply.