CISA: Seasonal demand weakness weighs on China's steel market

China's steel market is expected to face more pressure in the near term, as demand from end-users may shrink further in the summer months, typically the off-season for steel consumption, according to the latest monthly report of the China Iron & Steel Association (CISA).

The association emphasized that supply remains the decisive factor for steel price movements in the coming term. It urged domestic steelmakers to rationally adjust production schedules, optimize their product mix based on profitability and demand shifts, and maintain self-discipline in output control to help stabilize steel prices. China's steel output