[China thing Union: steel market demand may continue to decline in June] according to the steel industry PMI investigated and released by China things Union Steel Logistics Professional Committee, it was 35.2% in May 2023, down 9.8% from the previous month, and declined for three consecutive months, indicating that the operation of the iron and steel industry is weakening. Changes in the sub-index show that market demand continues to be weak, steel production has declined again, raw material prices have weakened across the board, steel prices have fluctuated downwards, and the operation of the steel market is relatively depressed. It is expected that in June, the steel market demand may continue to decline, steel production has a certain reduction pressure, raw material prices remain weak operation, steel prices are low and volatile.