CISA: Current decline in steel demand is periodic
2020-04-22 17:54:44 [Print]
He Wenbo, the Secretary of the Party Committee of CISA, said at the first quarter information conference of CISA on the morning of April 22nd that steel consumption demand mainly includes three major directions: the construction industry, the manufacturing industry and the export industry, adding that the drop in steel demand is periodic
. According to him, CISA learned from relevant departments at the beginning of this year that the investment in infrastructure such as railways and highways was RMB3 . 5 trillion (USD494 billion) in 2020, and the renovation of old communities will provide important support for steel demand.