As demand will be stable and production in China will remain low, while several real estate projects are under construction, ”Paul Bartholomew, S&P Global Platts’s senior managing editor said:
"China's domestic market is quite strong, the real estate construction market is still growing at 4-5 percent, and therefore, demand from China will be high, which will help support other regional markets," Bartholomew told CNBC-TV18.
“The house is hoping for a stronger 2020, as global markets have surrendered in recent months,” he added.
According to Bartholomew, steel prices in the USA and ArcelorMittal have risen: "The increase in prices may be due to the fact that they are trying to keep steel prices at an increased level."
He added that compared to other metal prices, which are low, steel prices have been going well over the past two weeks.
