China’s steel industry to remain under pressure in 2014, MIIT says

China’s steel industry is likely to remain under pressure in 2014, with the conflict between supply and demand set to last for a longer time, the country’s Ministry of Industry and Information Technology (MIIT) said.

“Domestic steel demand will hardly see any improvement next year, as it is possible that the country’s investment in infrastructure construction and real estate will drop, while demand from major steel-consuming sectors including auto and shipbuilding is unlikely...


December 31, 2013

09:55 GMT