Local mills spurred by growing demand as major projects roll out

Steel stocks continue to garner market attention despite normalising steel prices.

Investors are instead focused on the investment merits of the industry as some of these companies are anticipated to churn out strong profit growth after a long period of difficult competition that finally ended late last year due to overproduction in China.

While steel prices have normalised, fundamentally the situation in China still has not changed since the government there clamped down on steel mills on environmental concerns.

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