CISA: China's domestic steel demand to weaken further

China's domestic steel demand is likely to weaken further due to construction halts caused by cold winter weather across northern regions of the country and slackening signs in major downstream industries, according to the latest monthly report of the China Iron & Steel Association (CISA).

The association pointed out that harsh winter conditions across northern China will halt outdoor works at more construction sites in the coming days. Meanwhile, persistent weakness in the real estate sector, negative growth in infrastructure investment, and a continued slowdown in manufacturing investment growth may also weigh on China's