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Global steel market expected to be optimistic in 2023

发布时间:[2023-2-22 15:31:8]    浏览量:304次
The global steel market is more optimistic this year compared to the second half of last year.

The Chinese government has eased the Covid control and announced positive policies for the housing market and manufacturing support plans. The US has stronger demand for automobiles, new homes, and appliances. At the same time, the infrastructure bill has also been confirmed. These will help to support the country's steel market in the short term.

In addition, the iron ore market is recovering with prices up by 50% at the start of the year compared to last year. The decline in energy prices has made the steel market more optimistic about the outlook. The demand for steelmaking raw materials has also increased.

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