The steel production capacity of China is still under pressure

While steel demand related indicators are growing steadily, China's domestic steel market is still under heavy supply pressure.

Especially in the second half of the year, the national steel and steel output has gradually increased. The national crude steel output in September and October increased by 17.6% and 11% year on year; The steel output increased by 12.5% and 11.3% year on year, which further increased the pressure on market supply. It is expected that the pressure on steel production capacity will still be released in the year.