Caixin
Apr 25, 2022 08:10 PM
BUSINESS

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

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
VIEW OPTIONS
Share this article
Open WeChat and scan the QR code
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 China Biz Roundup: China Cuts Key Interest Rates as Economy Weakens
00:00
00:00/00:00