CISA: Steel Market Demand in April Fell Short of Expectations, and Price Increase Slowed down further

Published: May 20, 2022 11:15

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SHANGHAI, May 20 (SMM) - On May 19, China Iron and Steel Association released data, which showed that steel market demand was still lower than expected in April.

SHANGHAI, May 20 (SMM) - On May 19, China Iron and Steel Association released data, which showed that steel market demand was still lower than expected in April. The domestic steel output increased month-on-month and continued to decline year-on-year; although the overall steel price continued to rise, the increase slowed down further. Since entering May, steel prices have shown a slight downward trend.

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