CISA expects China's demand for steel to maintain small growth in 2021
2021-01-27 16:26:28 [Print]
On January 27th, the China Iron and Steel Association (CISA) held an information release conference, forecasting that China's steel demand will maintain a small growth in 2021 with steel exports posting decline and imports continuing increasing.
CISA said that this year, China will further consolidate the prevention and control for epidemic and restore the stability of economic development, keeping the economy running at a reasonable level. The national economic policy in response to the outbreak will continue in force so as to provide strong guarantee for steel demand. China's steel demand will maintain a modest growth in 2021, according to CISA.
For now, the global epidemic has not been fundamentally controlled, so the steel demand and production recovery in the international market is still facing a lot of problems. CISA predicts that China will continue to see less exports and more imports in the case of increasing demand for steel.
CISA said that this year, China will further consolidate the prevention and control for epidemic and restore the stability of economic development, keeping the economy running at a reasonable level. The national economic policy in response to the outbreak will continue in force so as to provide strong guarantee for steel demand. China's steel demand will maintain a modest growth in 2021, according to CISA.
For now, the global epidemic has not been fundamentally controlled, so the steel demand and production recovery in the international market is still facing a lot of problems. CISA predicts that China will continue to see less exports and more imports in the case of increasing demand for steel.
