Poor Expectations For Manufacturing Steel in May

The cost of production and sales of steel structures is at a high level, and the collection of funds is not smooth. The willingness of manufacturers to purchase is reduced, and their mentality tends to be cautious. The supply chain of the production and processing end of the machinery industry is blocked, the finished product is backlogged, the demand side is restrained, and the prosperity is expected to decline. The production and sales of the home appliance industry are subject to certain constraints, but stimulated by consumption and encouraged by the trade-in policy, development resilience remains. The auto industry is currently in a situation of weak supply and demand, and the epidemic continues to have an impact on the auto market. It is expected that the auto industry will remain weak in May, with weak demand for raw materials.