Also, at http://www.fullertreacymoney.com/general/email-of-the-day-on-cannabis-and-steel/, it states that Chinese steel production is in the order of 66,000 tons per annum and one Nimitz class aircraft carrier requires around 47,000 tons.

Please see attached the correct figure for Chinese steel production.

Still loving the service after decades of knowing David.

Eoin Treacy's view

Thank you for this graphic from the World Steel Association which quotes completely different figures than those found in tradingeconomics.com. The figures you provided make more sense so I have amended the article. This additional article from CNBC quotes the world Steel Association figures. Here is a section: 

"This is because continued Chinese fiscal support to the construction sector has buoyed domestic industrial metal demand, especially through public-private partnerships in public infrastructure such as airports, water, rail, power and roads and bridges (that will) continue at least until the end of 2017," BMI added.

The domestic demand will narrow the global steel market surplus to 3.2 million tons in 2017 from 10.9 million tons in 2016, BMI forecast. China is both the world's largest steel producer and consumer.

Investment bank Morgan Stanley concurred, saying in a recent report that overall near-term steel demand is "stable and improving."

Analysts noted that "infrastructure spending has been increasing, while reduced property inventories in lower-tier cities should result in a rise in new starts. Globally, many regions are showing signs of improved demand, from the economic recoveries in Brazil and India to (U.S. president-elect Donald) Trump's infrastructure plans for the U.S.," the investment bank added.