Chinese steel traders optimistic about Q2 demand

Chinese steel traders canvassed by Mysteel on Wednesday generally agreed that steel demand this quarter is slightly improved compared with January-March last year and expect that demand will become even stronger next quarter.

The reasons the traders gave for the uptick in demand mainly related to the numerous infrastructure projects launched by the central and regional governments and the recovering property market, especially of real estate in China’s first- and second-tier cities. “Downstream demand has been picking up obviously since mid-March, even though