spinsandcoins| Strong growth in steel demand: the two engines of industrial manufacturing and trade and export are working hard

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[Industrial manufacturing and exports drive growth in steel demand]

Since the beginning of this year, industrial production and trade exports have become two key drivers of steel consumption, effective compensation.spinsandcoinsThis has ensured the impact of declining investment in real estate development on steel demand and ensured a steady increase in total demand.

The latest data shows that these two areas continued to show growth momentum in April, and steel consumption in the industrial manufacturing sector continued to rise, indicating an extremely optimistic demand outlook during the year.

Domestic steel exports also showed strong growth, and direct and indirect exports are expected to continue to provide power to aggregate demand.

Decision-making departments are expanding domestic demand through measures such as issuing additional treasury bonds, accelerating the implementation of treasury bonds projects, and optimizing real estate control policies, aiming to promote the cleanup of housing inventories, thereby providing significant support for the growth of steel demand during the year.

With the implementation of these measures, the continued downward trend of real estate development investment is expected to be alleviated, further promoting the growth of domestic steel demand.

However,[the biggest challenge in the steel market comes from the supply side, that is, the release of excess domestic production capacity].