In April, China's steel industry demonstrated notable growth, with the purchasing managers index (PMI) reaching 54.9%, marking a 3.6% increase from the previous month. This upward trend surpassed 50%, indicating a further improvement in the industry. Key indicators, such as output, new orders, and raw material inventory etc., witnessed significant increases.

Looking ahead, industry insiders anticipate a bottoming out of steel prices in May, with optimism fueled by a recovering real estate market and rising sales in the new energy vehicle sector. Positive market sentiment towards new macro policies further contributes to expectations of continued growth in the steel industry.