China’s steel industry may rebound again by Chinese govt’s high infrastructure investment

After the COVID-19 situation been controlled in China, the Chinese government also announced to increase its infrastructure investment to stimulate domestic demand.

Moreover, there were also more and more construction projects that started to restart, also expected to revitalize the steel industry.

Currently, many of the international steel giants decided to decrease their output to react to the weak demand of steel in the world, which might be a push power for the Chinese steelmakers to back to the market.