Crude steel output rises 5.6% on year
Uptrend in output may lead to government-mandated controls
Property sector remains a drag, infrastructure cushions blow
China’s pig iron and crude steel production rebounded strongly in January-February, and the uptrend in output is expected to continue in March, industry sources said March 15.
However, China is expected to continue with its cap on annual crude steel output in 2023 and keep it within 2022 levels as part of decarbonization efforts, and thus further growth in China’s
steel production after March is likely to be limited, some mill sources said.
Meanwhile, some steel market participants said steel demand in infrastructure and some related manufacturing sectors have been comparatively strong so far in March, but the property sector remains a drag on steel demand.
Disclaimer: this article is from the SBB STEEL MARKET DAILY, the copyright belongs to the original author, and only represents the original author's viewpoint.
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