India's JSW Steel's crude steel production and capacity utilization rate decline in April

India's largest steel company cuts production by 10% due to epidemic

Even though China's foreign trade surged more than 29 percent on a yearly basis in the first quarter, the public should not get unduly optimistic.

That month, a high-speed train linking Beijing and Chengde city in Hebei went into operation.

That month, a high-speed train linking Beijing and Chengde city in Hebei went into operation.

Even if inflation rises in the future, as long as such a rise remains moderate, the benefits to the economy will outweigh the negative impacts.

Deng Jun, executive vice-president of Aux Group, said, "The rising prices of aluminum, copper and steel (iron ore) have forced us and the whole industry to raise product prices."

Market analysis says higher steel prices could also benefit decarbonization initiatives in the industry.