The recovery of China’s domestic economy sped up while the superior manufacturing industry accelerated the development. The industry structure is improving gradually and the demand in the market is now recovering in a much faster way.
As for the steel market, from the beginning of October, limited production for environmental protection is apparently becoming stricter than before. Meanwhile, the release of demand has also encouraged traders in the market.
As the steel offer still has pressure to meet the steel demand, in short term, there would still be some room for the steel price to go up.