Steel Demand Rebounds After Steel Mills in Many Places Cut or Stop Production

Due to the increasing pressure in the end-user market, steel prices have continued to fall. Recently, many steel mills in Shandong and Shanxi have announced production cuts.

It was recently learned from the steel market in many places that as some steel companies have reduced and stopped production, the output of pig iron has dropped from a high level.

At the same time, the demand in the terminal market has rebounded, and the market transaction situation has improved compared with the previous period.