China's steel market will see 'steady rise' despite setbacks

摘要

China's steel market is expected to make a solid recovery in 2013 despite recent setbacks, according to Chen Kexin.chiefanalystata research institute linked to the country's ministry of commerce. The recovery will come on the back of firm downstream demand, rising production costs and looser monetary policy, Chen, who works forthe Distribution Productivity Promotion Centre of China Commerce, said on the sidelines of Metal Bulletin's China Iron Ore 2013 event in Beijing recently.