The inactivity of the construction industry due to adverse weather conditions in China caused a pessimistic situation in the market. While people in the market say that there will be no change in prices, buyers buy according to their needs.
With the start of the construction season, the increase in steel demand is expected to lead to a recovery in the Chinese steel market in the second quarter. While the demand for steel plate and section steel is expected to increase, the pessimistic mood in the market is expected to lose its effect in the second quarter.
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