CISA: High production costs, slower consumption to weigh on China's steel market

China's steel market is expected to stay under pressure from the dual impact of high raw material costs and the upcoming off-season for steel consumption in summer, despite domestic steel prices continuing to rise since the second half of April, according to the latest monthly report of the China Iron & Steel Association.

At present, the global economy stands at an uncertain juncture dominated by geopolitical conflict, the association said. Global energy prices have surged due to the outbreak of conflict in the Middle East in late February, and the steady rise in prices of major steelmaking raw materials and energy has