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Steel 2016-2021 Data 2022-2023 Forecast Price The steel market extended its upward momentum into April, with Shanghai steel futures rising above 5,000 yuan a tonne for the first time ever ahead of a seasonal recovery in demand and uncertainty over supply after top steelmaking city Tangshan pledged to cut emissions by 50% during days of heavy pollution. Domestic demand is likely to be spur by strong construction and manufacturing