Ferroalloy demand not to improve before end of Q1

摘要

China’s GDP gained 3 last year. This level is below the target one (5.5) set by the government in March. Slower economy growth is related to strict anti-epidemic measures and the crisis in the construction sector, the major driver of the Chinese economy. At the same time, Beijing has taken a number of measures to improve fundamentals in the construction segment to ease the pressure on the GDP growth rate in 2023. However, the reforms will not have an apparent effect in the near future.