Steel demand in China's manufacturing industry rebounds to record levels
China's manufacturing steel demand rebounded in June to higher levels than a year ago, supporting flat-rolled markets that have been under pressure due to rapid production growth, market participants said on July 17.
With robust demand for industrial steel supporting growth in China's flat-rolled output, flat-rolled output is expected to continue rising in the second half of 2024, which could put pressure on steel markets again, trade sources said.