China Iron And Steel Association Calls On Domestic Steel Mills To Cut Output

On April 24, the China Iron and Steel Industry Association held a symposium on the economic operation of some steel companies in the first quarter in Anshan Iron and Steel. The participants believed that the current international situation is complex and changeable, the global economic recovery is slow, and the domestic macro economy has begun to stabilise.

In this scenario, steel demand has rebounded, but there is still a certain gap compared with expectations. In the second quarter and the second half of the year, there are still relatively large uncertainties in the steel market, and it is expected that steel prices will remain weak. Recently, steel prices in the domestic markets have continued to drop rapidly, and the production and operation of steel companies are facing severe challenges. Facing the difficult situation, the CISA calls on iron and steel enterprises to cut their output and jointly ensure a stable steel market.