FH36 plate and so on steel demand may rise steadily

In 2020, with the outbreak of the epidemic, the government has stepped up counter cyclical regulation, and a series of policies to promote investment and stabilize growth have brought opportunities to the demand of FH36 plate and the steel industry. The domestic fixed asset investment has recovered first, and the construction, machinery and other downstream areas have maintained rapid growth, which has stimulated FH36 plate and so on steel consumption. In the later stage, the export has exceeded expectations, and the export of steel products such as household appliances, mechanical and electrical products has recovered rapidly and increased unexpectedly, which has led to the economic growth. The indirect export of FH36 plate and so on steel products led to a rapid growth of steel consumption throughout the year.

In 2021, China's economy will return to normality, economic recovery will be balanced and structural adjustment will be promoted, consumption and manufacturing investment will be the main driving forces for further recovery, and FH36 plate and so on steel demand may rise steadily in general. Driven by domestic demand and export, the steel demand of manufacturing industry will continue the vigorous trend since the second half of 2020. The momentum of real estate investment will slow down, and the infrastructure investment will increase slightly. The steel demand of construction industry is still not weak.

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