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China's steel sales are stronger
May 25, 2017

According to the more "market material price" reported recently: the Ministry of Trade and Industry said that although the global and domestic steel prices fell slightly, but the market's purchasing power is still weak. At the same time, imports of steel from abroad continue to increase, especially in China's low steel prices, the end of the year's steel sales will not increase.

Because of the price advantage of China's steel, the more market sales are strong, especially in rural areas and private projects are very popular, the more domestic steel production enterprises to create enormous pressure. In October, steel production reached 553,000 tonnes, down 5.5% per cent year-on-year. The first 10 months, the output of 4.97 million tons, year-on-year growth of 1.2%.