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China Steel Industry At Turning Point - Expert

CHINA PRESS
MNI (BEIJING)

China’s steel industry faces a turning point as real-estate and infrastructure sectors adjust and new infrastructure, energy and intelligent manufacturing emerge, according to Pan Fujie, director of the China Federation of Iron and Steel Logistics Committee. Looking forward, the steel industry should focus on globally competitive industries such as automobiles and photovoltaics. Industry analysts believe poor terminal demand after the holiday has not motivated steel mills to increase production and replenish raw material stocks, and producers are not optimistic about steel price trends later this year, Yicai added.

MNI Beijing Bureau | lewis.porylo@marketnews.com

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