Demand for Stainless Steel in China

Asian Stocks Rise in Anticipation of Interest Rate Cuts

Demand for Stainless Steel in China

The Chinese household appliance industry continues to show strong demand for stainless steel, remaining above the five-year average. In April, demand increased by 3.32% compared to the previous month. It is expected to remain high through May and June.

Stock Market Performance

Asian stock markets experienced significant gains, with indices increasing by up to 1.8% at the start of the week. This rise is linked to the anticipation of possible interest rate cuts.

Summary

Asian stocks: Significant gains due to possible interest rate cuts.
Chinese stainless steel demand: Above five-year average, with a 3.32% increase in April and strong expectations for May and June.

Asian stock markets and the Chinese household appliance industry are both showing positive trends, driven by economic factors and strong demand.