Resume

摘要

As Metal Expert forecast in the previous quarterly report, China’s steel productionincreased to the average of 70.2 t million t per month in Q1. In April, crude steel outputhit a record high of 76.7 million t as most environment-related capacity restrictionswere lifted. The numbers will stay high in the near future contributing to a rise in inventoriesand exerting pressure on prices amid the anticipated slowdown of demand insummer.