Apr 25, 2022 08:10 PM

BUSINESS

China’s Steel Industry Is In for Slower Growth, Ministry Official Says

By Zhao Xuan and Manyun Zou

Steel products are stockpiled at an industrial site in Yuncheng, North China's Shanxi province, on April 13. Photo: VCG

Steel products are stockpiled at an industrial site in Yuncheng, North China's Shanxi province, on April 13. Photo: VCG

China’s steel market has entered a period of slower growth due to weakened supply and demand from domestic Covid-19 flare-ups and conflicts overseas, a ministry official said.

Chen Kelong, the Ministry of Industry and Information Technology’s (MIIT) point man for the raw materials sector, suggested at a conference Saturday that the government should help maintain reasonable steel prices to ensure that manufacturers down the production chain can still make a profit.

You've accessed an article available only to subscribers

Subscribe today for just $.99.

VIEW OPTIONS

Share this article

Open WeChat and scan the QR code

GALLERY

: Gallery: Innovation Takes Off at Flying Vehicle Expo

NEWSLETTERS

Get our CX Daily, weekly Must-Read and China Green Bulletin newsletters delivered free to your inbox, bringing you China's top headlines.

We ‘ve added you to our subscriber list.

Manage subscription

PODCAST

Caixin Deep Dive: How China’s Crypto Ban Makes Disposing of Seized Assets a Lot Harder

00:00

00:00/00:00

MOST POPULAR

1: Sinopec and Saudi Aramco Launch $10 Billion Petrochemical Venture in Fujian

2: Cover Story: How the Yuan is Taking Over the Dollar’s Role in Global Trade

3: Chinese Regions Dial Back Car Subsidies as Funds Dry Up

4: Exclusive: Ex-CSRC Chief Yi Huiman Faces Corruption Probe Likely Linked to ICBC

5: Finance Movers and Shakers: Former Securities Watchdog Chief Yi Huiman Under Graft Probe

SPONSORED

OR