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Steel demand growing in China

26 Sep 2020 15:02 reported by Ivy Wei

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Steel demand is rising in China. Strong demand will last in the coming months, and steel sales in China are pushing up as well, all of which will secure jobs and steady industrial and supply chains.

It was reported that China's steel demand in September and October is very strong. China’s economic growth is picking up as well due to the strong support and successful efforts from the government to offset the impact of COVID-19 on its economy.

There are many new policy measures to push up the growth of industrial output, trade, exports, and fixed asset investments. The fiscal and monetary stimulus plans of many countries brought good impacts on the growth of China’s steel market.

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