Wu Yong, Market Research Department of the Steel Association: the output of crude steel may not reach a new high.

[Wu Yong of the Market Research Department of the Iron and Steel Association: crude steel output may be difficult to reach a new high] on June 15, talking about the issue of crude steel output, at the ferroalloy online 2023 International Ferroalloy Conference held this morning, Wu Yong, director of the raw materials department of the Market Research Department of the China Iron and Steel Association, said in a speech that the current steel market is unlikely to usher in a new upward trend as it did after 2008 and 2015, and crude steel output is difficult to reach a new high. Real estate is the key variable that affects steel demand, and rebar is the benchmark that affects the overall price trend of steel. Without effective production control, the iron and steel industry may hover on the edge of small profits or even lose money in the future. Wu Yong pointed out that infrastructure investment is expected to continue in the future, and investment is expected to maintain growth and slow down in 2023. (financial Associated Press reporter Xing Qixin)