CISA: China steel demand under pressure during off season

The arrival of winter in China and rising numbers of COVID-19 infections will likely negatively impact the country's steel demand going forward, the China Iron & Steel Association (CISA) warned in its latest monthly report.

Many regions have entered the traditional off season for steel consumption with the fall in temperatures, while at the same time, the central government's optimized policies on COVID-19 control will nonetheless see many people infected in the short term, which may also affect steel consumption, CISA noted. Although steel stocks