Demand from China's galvanized steel sector is expected to account for 56% of the country's refined zinc consumption in 2014, up from 54% this year, state-owned nonferrous metals information division Beijing Antaike said Thursday.
The galvanized steel sector accounted for 47% of China's zinc demand in 2008, a share that grew to around 54% by 2012, Antaike figures showed.
"We forecast galvanizing steel industry to account for a bigger share in China's zinc demand next year, reaching 56%," said Liu Menglian, a zinc analyst with Antaike. "The diecasting alloy sector's share in Chinese zinc demand next year is expected to be less."
Demand from China's galvanized steel sector is expected to account for 56% of the country's refined zinc consumption in 2014, up from 54% this year, state-owned nonferrous metals information division Beijing Antaike said Thursday.
The galvanized steel sector accounted for 47% of China's zinc demand in 2008, a share that grew to around 54% by 2012, Antaike figures showed.
"We forecast galvanizing steel industry to account for a bigger share in China's zinc demand next year, reaching 56%," said Liu Menglian, a zinc analyst with Antaike. "The diecasting alloy sector's share in Chinese zinc demand next year is expected to be less."