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It is expected that the steel industry market will remain stable in 2021

The fourth quarter is the traditional off-season of China's steel market, but judging from the current data, the overall situation of China's steel market in the fourth quarter is "not poor in the off-season". From the production situation, the situation of iron and steel industry in 2020 is better. It is estimated that crude steel production will exceed 1 billion tons this year, an increase of about 5% over last year.
 
"The iron and steel industry has benefited from the support of the national macro policy this year." The adjustment of macro policy direction has played a great role in stimulating market demand. For the market situation in 2021, it is expected that the steel industry market will remain relatively stable in 2021, and the steel price may be slightly higher than that in 2020, but the overall situation will remain stable. Iron and steel enterprises should organize production according to their needs and promote the balance of market supply and demand.