China Steel Association: In May, the domestic market price of steel will change from rising to falling

In May, the domestic market is still in the peak season ofsteel demand. Affected by the accelerated release of steel production capacity,the domestic steel market showed an oversupply situation, the market isexpected to fall, and steel prices have turned from rising to falling. In June,steel prices continued to decline in the first two weeks, and it is expected toshow a slight fluctuation in the later period.