Steel News

We strive to let you one step ahead of the market.

China's steel market expected to stabilize in Q2

27 Apr 2023 17:28 reported by Link Zhao

A A A
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.

Back to Steel News

Related News

AMNS India plans to invest Rs 2.6 lakh crore to expand steel production capacity to 40 million tons

  • Industry Activities
  • 21 Apr 2025 17:04

China's Baosteel plans to acquire Ma Steel Limited

  • Industry Activities
  • 21 Apr 2025 16:38

US tariffs on steel and aluminum affect Mexico's auto parts sector valued at $2.94 billion

  • Industry Activities
  • 21 Apr 2025 15:33

Tesla halts China-made parts imports due to high US tariffs

  • Industry Activities
  • 18 Apr 2025 15:51

WTO warns US tariffs severely deteriorate global trade outlook

  • Industry Activities
  • 18 Apr 2025 15:38

Metal Price Index

Learn more

LME Official Bid Price

  • Zinc
  • 2,520.00
  • 2,561.00
  • Aluminum
  • 2,327.00
  • 2,366.00
  • Copper
  • 9,103.00
  • 9,132.00
  • Nickel
  • 15,400.00
  • 15,610.00

Learn more

Coil Exchange Center

Learn more