Reported about 1 year ago
In recent years, China's steel overcapacity has had a significant impact on the Asian steel market. However, Taiwanese steelmakers believe that with China's active intervention in the property market and the boost in demand from white goods and electric vehicles, this year's supply-demand imbalance in China's steel industry is expected to improve compared to last year, reducing its impact on the Asian steel market. Despite concerns over China's steel production, some remain optimistic due to favorable government policies that boost demand, such as subsidies for replacing white goods and promoting the electric vehicle industry, contributing to a better supply-demand balance in the domestic steel market.
Source: YAHOO