China Steel Association: The construction market is expected to experience a bottoming out rebound, and enterprises need to adjust their production pace according to market demand

On April 2nd, Jinshi Futures reported that on March 29th, the China Iron and Steel Industry Association organized a seminar on the steel market to analyze and judge the recent situation and future trends of the steel market, exchange and study countermeasures. Luo Tiejun, Vice President of the Steel Association, emphasized that the downward trend in demand for construction steel is a consensus among everyone. This year, the demand for the construction market has significantly lagged behind, and with the implementation of national policies, it is expected to experience a bottoming out rebound. Everyone should closely monitor the changes in the market. We should follow the principle of "three fixed and three not" and adjust the production pace according to market demand. We must not increase production significantly if market demand slightly improves. Leading enterprises in various regions should play a leading role in maintaining market stability, strengthen regional self-discipline, and achieve profitable income and cash profits. The regional attributes of steel bars and spiral products are strong, and each enterprise should deeply cultivate the regional market and do a good job in maintaining the regional market.