China's steel market heats up again at the end of the year

Near the end of the year, China's steel market is heating up again. The main performance is that the steel demand is more vigorous, the steel output is running at a high level, and the steel price is rising by a large margin.

Macroeconomic indicators reached a new high in the year, and China's steel demand was more vigorous. According to the latest statistics, from January to November 2020, China's investment in fixed assets (excluding farmers) increased by 2.6% year-on-year, 0.8 percentage points higher than that from January to October; from January to November, China's real estate development investment increased by 6.8% year-on-year, 0.5% higher than that from January to October; in November, China's industrial added value above designated size increased by 7.0% year-on-year, 0.1% Points faster than that in October. In terms of month on month comparison, China's investment in fixed assets (excluding farmers) increased by 2.80% in November, and the added value of industries above designated size increased by 1.03% compared with the previous month, both of which reached a new high in the year, thus driving the steel demand at the end of the year to be more vigorous.