Wuhan Steel (Wisco) forecast a decline in steel demand at home this year, claiming the profit margin of the steel sector could be further restricted. Iron ore, coke and transportation costs as well as energy bills will keep inflating while downstream consumption may cool down. The sector’s profit margin would be far lower than the average level for all industries due to disordered hikes in raw material prices and redundant capacity. The company added the supply shortfall of iron ore will persist in the long run.