The growth of steel demand will weaken in the second half of the year

On August 2, the operation data of the iron and steel industry in the first half of the year released by China Iron and Steel Industry Association showed that in the first half of the year, under the favorable environment of sustained and stable recovery of the national economy, the iron and steel industry operated well, showing a situation of prosperous production and sales and improved benefits.

However, from the perspective of steel market demand, due to the continuous implementation and gradual effectiveness of measures to promote economic recovery since last year, there are generally problems of consumption overdraft in advance and gradual increase of the base in major domestic steel industries. The growth rate will slow down in the second half of the year and the growth of steel demand will weaken accordingly.

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