The CISA predicted in a report while domestic demand for steel would continue to rise driven by an array of national policies designed to expand domestic demand, sustain the growth and make structural adjustments, the market in the foreseeable future remains bleak due to weakening international demand, high levels of domestic capacity and prolonged situation of a net steel import. As of the end of May, the domestic steel price index stood at 98.14 points, up 2.58 points from the previous month – the first month-on-month rise in nearly three months, with a growth rate of 2.7 percent; and down 58.72 points year-on-year with a decline rate of 37.43 percent.