Steel Downstream Sector Sees Modest Improvement in Golden September, Lags Behind Last Year's Peak

[SMM Steel Manufacturing Downstream Report: Golden September Peak Season Effect Reflected, but Inferior to the Same Period Last Year]

As we enter September, the traditional peak season has taken effect, but the prosperity of the steel downstream industry has only improved slightly. The manufacturing sector has performed strongly, with the increase in consumer demand for home appliances and automobiles driven by equipment scrapping and renewal as well as the trade-in policy. Meanwhile, the downstream terminals' expectations for the next three months...