China's steel market expects growth after National Day holiday

Recently, domestic prices for main types of steel in China have fluctuated upwards. From a supply perspective, the cost was high and steel prices were rising. Steel mills' profits also increased. Many steelmakers have resumed production. The supply will grow in the short term.

As many projects in China resume, demand for steel from the infrastructure side will increase. In addition, raw material prices have been high recently, while the cost of steel production has remained high.

After the National Day holiday, China's steel market is expected to be positive on October 8 and 9.