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Home> News> China`s steel market to be optimistic after China's leading steel makers raise list price for Mar
June 13, 2023

China`s steel market to be optimistic after China's leading steel makers raise list price for Mar

China`s Baoshan Iron and Steel and Angang Steel increased their products` list prices for March. Taiwan`s China Steel Corporation (CSC) indicated that the increasing prices made the steel market optimistic.

The three top uncertainties, the Russia-Ukraine war, soaring inflation, and the Covid-19 epidemic, have been eased, and steel prices started to rebound after Lunar New Year. Also, the International Monetary Fund (IMF) forecasted China`s economic growth in 2023 to rebound to 5.2%.

In addition, China was expected to implement China`s policy package to stabilize the economy, which would increase the demand from downstream buyers and further strengthen the steel market.


Source:From Yield Corp

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