MIIT: Steel industry sees oversupply in Jan-Apr

The Ministry of Industry and Information Technology (MIIT) disclosed the operation result of the steel industry from January to April on May 29.Asian Metal Copyright5% MOM.Asian Metal Copyright From January to April, the steel industry as a whole saw oversupply and the output remained at a high level.Asian Metal Copyright Affected by increasing iron ore prices and decreasing steel prices, the economic benefits of the entire industry continued declining.Asian Metal Copyright Affected by increasing iron ore prices and decreasing steel prices, the economic benefits of the entire industry continued declining.

In April, the average value of China's steel product price index was 96.9%, down 13.Asian Metal Copyright In April, the average value of China's steel product price index was 96.Asian Metal Copyright6% YOY and 2.Asian Metal Copyright Affected by increasing iron ore prices and decreasing steel prices, the economic benefits of the entire industry continued declining.Asian Metal Copyright5% MOM.Asian Metal Copyright6% YOY and 2.Asian Metal Copyright From January to April, the average value of China's steel product price index was 100.Asian Metal Copyright From January to April, the average value of China's steel product price index was 100.Asian Metal Copyright4%, down by 8.Asian Metal Copyright In April, the average value of China's steel product price index was 96.Asian Metal Copyright0% MOM but 2.Asian Metal Copyright From January to April, the average value of China's steel product price index was 100.Asian Metal Copyright3% higher than that in the first quarter.
.Asian Metal Copyright3% higher than that in the first quarterAsian Metal Copyright