© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

BOC KEEPS 5% POLICY RATE, STILL PREPARED TO HIKE FURTHER

MNI BRIEF: Text Of Bank Of Canada Interest Rate Decision

MNI BRIEF: November Job Trends Support 2024 Soft Landing -ADP

CANADA NOV IVEY PURCHASING MANAGERS INDEX 54.7 SA

MNI: CANADIAN OCT TRADE BALANCE CAD +3.0 BILLION

MNI: US OCT TRADE GAP -$64.3B VS SEP -$61.2B

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

MNI BRIEF:Macklem-Fiscal Policy Turning Unhelpful On CPI Fight

MNI BRIEF: Stabilizing Prices Helps BOC Turn Neutral-Freeland

New Industries To Boost Steel Demand As Real Estate Declines

CHINA PRESS
MNI (BEIJING)
Metals bulletEM BulletHomepagemarkets-real-timeCommoditiesEmerging Markets NewsEnergy BulletsBulletMarketsFixed Income NewsForeign Exchange News

China will need more steel for new industries like automobiles, shipbuilding and home appliances, which will offset the construction downturn, according to Diao Li, director at the China Iron and Steel Industry Association. Speaking at the recent Iron and Steel Technology and Economy Forum, Diao said buyers will demand more hot narrow strip, thick plate, seamless pipe, and large section steel. Tian Zhiling, vice chairman at the China Metal Society noted steel demand from domestic manufacturing and exports will be the main driving forces of steel production going forwards. (Source: 21st Century Herald)

93 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

China will need more steel for new industries like automobiles, shipbuilding and home appliances, which will offset the construction downturn, according to Diao Li, director at the China Iron and Steel Industry Association. Speaking at the recent Iron and Steel Technology and Economy Forum, Diao said buyers will demand more hot narrow strip, thick plate, seamless pipe, and large section steel. Tian Zhiling, vice chairman at the China Metal Society noted steel demand from domestic manufacturing and exports will be the main driving forces of steel production going forwards. (Source: 21st Century Herald)