China's No. 3 Steel Mill Offers Hopeful Take as Sector Struggles.

China's third-largest steelmaker, Hesteel Co. Ltd., has offered a more positive outlook for the struggling steel industry, stating that growth in steel-intensive manufacturing will support prices. While China's steel industry has been facing challenges due to a downturn in demand and prices, there are still areas of local steel demand that are experiencing growth, which is helping to soften the impact of the overall decline. However, some industry figures believe that overall demand in China is likely to continue declining in the long term. [Extracted from the article]