Bayi Steel: Demand for steel to improve slightly in 2023

26 May, 2023 by

Xinjiang-based Chinese steelmaker Bayi Iron and Steel Co., Ltd. (Bayi Steel) has told its investors at the interactive platform that the demand for steel has slackened since the second half of last year, while the company said that it still holds a cautiously optimistic view as regards the future prospects for the steel market.

Bayi Steel forecast that demand for steel will likely improve slightly in 2023 compared to 2022 and that demand in the second quarter will be better than that in the first quarter this year.

* The materials and information in this article have been prepared or assembled by Viet Nam Steel and are intended for informational purposes only.

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