China Iron and Steel Association: Downstream steel demand diverged from January to August, with manufacturing overall maintaining a growth trend.

Zhito Finance APP has learned that on October 8, the China Iron and Steel Association released its monthly report on the operation of major steel-consuming industries for September. From January to August, among the major steel-consuming industries, the construction industry continued to operate at a low level, while the manufacturing industry as a whole maintained a growth trend. Specifically, the real estate market continued to undergo deep adjustments, and the year-on-year decline in the growth rate of infrastructure investment expanded; the cumulative export value of mechanical and electrical products maintained growth, with the year-on-year increase continuously expanding; automobile production declined slightly year on year; the three major indicators of the shipbuilding industry maintained rapid growth; among the three major white goods products in the home appliance industry, production of two increased and one decreased; and container production grew year on year.