There is Still no Obvious Recovery Trend in Real Estate Industry and Substantial Increase in Steel Demand is Unlikely to Appear

On the 19th Iron and Steel Industry Development Strategy Conference, Jiang Wei, vice president of the China Iron and Steel Association, said that there is still no obvious recovery trend in real estate industry, and thus the substantial increase in steel demand is unlikely to appear. However, the automobile industry is expected to recover with the bullish expectations for exports. As such, the future market of non-oriented silicon steel for electric vehicles is worth looking forward to. For steel enterprises, amid the downturn of the industry, it is even more necessary to adhere to the principle of "three certainties and three don'ts”.