Steel Market Price Forecast

Some economic data from China in September were positive, but the foundation for the recovery is not yet solid. With the support of a package of policies to stabilize the economy, the growth rate of infrastructure and manufacturing investment accelerated slightly from January to September, and manufacturing production also expanded. The real estate market is still running at the bottom, but the decline in real estate investment and sales in a single month in September both narrowed. Affected by the repeated epidemics in many places, the growth of the consumer market in September was sluggish. Export growth continued to slow in September, with weaker external demand being the main factor.