Steel consumption is relatively strong in the first quarter

In the first quarter, China's economic operation continued to recover steadily, providing a good environment for the development of steel industry. At the same time, the recovery growth of the international economy has stimulated the demand of the international steel market. The iron and steel industry actively adapts to the changes of steel market at home and abroad, and strives to overcome the difficulties such as the sharp rise of iron ore price and the rising pressure of environmental protection. The operation of the industry presents a relatively good situation, which has made contributions to meeting the steel demand of downstream industries and promoting the sustained and stable recovery of economic operation.

In the first quarter, the downstream industry continued to recover, and steel consumption was relatively strong. This year, China's economy has been running steadily and has been improving. In the first quarter, GDP has increased by 18.3% year on year. The main steel industry has been recovering continuously, which has led to a significant increase in steel demand.