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CSI: China Steel Importer

CSI: China Steel Importer (Aug. 6, 2020)

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China’s demand rush has left its prices so high that imports have become increasingly attractive. With China officially a net importer of steel in June, how long can this phenomenon last? Will the country still be absorbing global excess steel supply for the rest of this year and into 2021?

China’s focus on its own domestic economy is still boosting steelmakers as they are focussed on the key areas where the state has great influence: infrastructure and manufacturing. The summer slowdown has proved to be just blip, while expectations for the near term are very strong.

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