In April, China's steel market was pessimistic. Market participants indicated that the steel prices were expected to be stable in the short term. Recently, downstream users purchase according to their needs and do not hoard them. Besides, the dust storm in the north and the rain in the south made the progress of the construction industry slow.

However, the pessimism of the market was expected to rebound. The reason was that the construction in the second quarter would increase significantly, which further made steel demand go up.

Apart from that, the resumption of the manufacturing industry was forecasted to drive the demand for steel plates and section steel.