Raw materials prices are expected to be supported by demand from China and India in the second half of this year, according to GMK chief executive Stanislav Zinchenko. Zinchenko made this statement at the Kallanish Europe Steel Markets 2024 conference in Milan on Wednesday.
Chinese steel-using sector activity remains unchanged from last year, which will help support steel output. Despite the country's real estate sector experiencing a crisis, other sectors such as manufacturing are helping to offset this.