Forecast research on China’s crude steel output in the new period

DOI

10.2991/ifmeita-16.2016.28How to use a DOI?

Keywords

output of crude steel; mid or long term forecast; GDP; the crude steel production of each RMB ten thousand Yuan GDP; structural transformation

Abstract

Chinese economic growth is clearly slower than the early stage. Crude steel output of China falls after 34 years continuous increase. In this paper, forecast the crude steel outputs of China in the next five years to provide quantitative basis for development strategy adjustment of iron and steel industry in the future. In this paper, study the relationship between two indicators of the crude steel production of each RMB ten thousand Yuan GDP and GDP, and find a stable correlation function between them. Forecast those indicators, which can calculate the crude steel output of China after this round of economy development pattern change. It points that the crude steel output data fall in the range from 804 million tons to 841 million tons. That means after China’s economic growth downward adjustment, the growth of crude steel output of China will fall, but the total quantity is still huge.

Copyright

© 2016, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Lin Gu
AU  - Jingtao Li
PY  - 2016/01
DA  - 2016/01
TI  - Forecast research on China’s crude steel output in the new period
BT  - Proceedings of the 2016 International Forum on Management, Education and Information Technology Application
PB  - Atlantis Press
SP  - 149
EP  - 154
SN  - 2352-5398
UR  - https://doi.org/10.2991/ifmeita-16.2016.28
DO  - 10.2991/ifmeita-16.2016.28
ID  - Gu2016/01
ER  -