Rising Chinese silico-manganese supply, squeezed ore trader margins dominate outlook for H2 2019 - sources

Fastmarkets presents five main takeaways from the Ferroalloynet 16th International Manganese Products conference in Ulanqab, in northern China’s Inner Mongolia, on August 28-30.

Growth of steel demand in China likely to slow in H2 2019…
Both supply and demand for steel in China will maintain a relatively steady pace in the second half of the year, but the growth rate will be slower compared with the first half though. Yet it is possible the steel price may rebound over September-October when downstream demand for steel products typically improves, Chen Xinliang, a representative from China Iron and Steel Association said.
“In terms of national macroeconomic policies, the current fiscal policies and some measures that encourage domestic infrastructure construction will do some good to the steel industry,” Chen said.

“Benefitting from various policies, production and demand for steel in China will likely see further increases in the second half, but the pace of growth will slow for the rest of the year. One thing for sure is that China’s total steel output will hit a...

Published

Amy Lv

September 03, 2019

12:28 GMT

Shanghai