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Home Steel News CISA: Chinese steel demand still strong & stable
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CISA: Chinese steel demand still strong & stable

4 Sep 2019 15:45 reported by Vivian

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China Iron and Steel Association (CISA) indicated that the Chinese steel industry showed a great growth in the past 70 years, and the industry was still optimistic even now.

There were three reasons for CISA’s statement. The first one was the domestic demand for steel. Strong domestic demand supported economic growth and the steel market. The second one was the innovation ability of technology to moderate the steel mills to increase efficiency. The last one was product improvement to increase the quality of the product and fit the special demand in the market, which could drive the downstream to transfer.

These three factors plus the support from the Chinese government, the future of the Chinese steel industry was really brilliant and would become better and better in the future.

However, China's steel enterprises were many and scattered. The competition was fierce, the innovation input was scattered, the innovation force was not strong and not conducive to the transformation from steel power to steel power. Therefore, mergers and reorganizations should be strengthened to speed up the promotion of industrial concentration.

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