Steel sector to remain resilient in 2019, says expert

Steel demand will remain stable in 2019 backed by increased infrastructure investment, amid lingering worries that the influence of trade tensions on the world's largest steel-maker may shake up the global market, an expert said.

"We are confident about China's steel industry given its great market potential and the resilience of China's economy," Yu Yong, head of the China Iron and Steel Association, said at an industry forum.

"The increased infrastructure investment, together with rebounded growth of ship production and manufacturing, will lead to a slight increase in steel demand. Meanwhile, steel demand in the sector of machinery and home electric appliances will likely remain stable," Yu add.