China’s steel industry is continuously recovering

According to statistics from China, the total crude steel production in China in the first 9 months was about 782 million tons, an increase of 4.5% in year on year.

Among them, the overall demand for the manufacturing industry has dropped significantly, by about 30% compared to the same period last year, mainly due to the impact of the Covid-19 epidemic outbreak.

However, market demand began to recover from the second quarter, which also showed higher margins compared to the same period last year over the past 4 months.

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