March to offer some cheer for steel firms struggling with prices

China's steel companies will see better performance in March due to price rises and the central government's destocking policy for the real estate industry, experts said on Thursday.

Wang Guoqing, consultancy director at the Lange Steel Information Research Center, an industry think tank in Beijing, said demand for steel will gradually increase in March, which will lead to improved conditions for the companies in the industry.

The price of steel products increased by 120 yuan ($18) per metric ton after four successive days of increases. It reached 2,260 yuan a ton on Tuesday.