How about China's steel consumption in March

In March, the Chinese market entered the peak season of steel consumption, the demand for downstream steel was strong, the price of steel in the international market rose, the export also kept growing, and the market's expectation for good increased, which promoted the continuous rise of steel prices.

The main steel industry is stable and good, and the steel demand keeps growing. According to the National Bureau of Statistics, China's gross domestic product (GDP) grew by 18.3% in the first quarter, 0.6% higher than that in the fourth quarter of 2020, and 10.3% higher than that in the first quarter of 2019; Investment in fixed assets (excluding farmers) increased by 25.6% year-on-year, including infrastructure investment by 29.7%, real estate development investment by 25.6% and newly started housing area by 28.2%. In March, the added value of industries above designated size increased by 14.1% year on year. Among them, the general equipment manufacturing industry increased by 20.2%, the special equipment manufacturing industry by 17.9%, the automobile manufacturing industry by 40.4%, the railway, shipping, aerospace and other transportation equipment manufacturing industry by 9.8%, the electrical machinery and equipment manufacturing industry by 24.1%, and the computer, communication and other electronic equipment manufacturing industry by 12.2%. Overall, the first quarter of the national economy started well, downstream steel industry demand is strong.