• Foreign Affairs
  • Money Matters
  • Domestic Affairs
  • IT, Innovation and Startups
 

Talk Finance

£$$€№₮IAL €¢¤₦¤MI¢ №€₩$
  • Foreign Affairs
  • Money Matters
  • Domestic Affairs
  • IT, Innovation and Startups

Talk Finance

  • Foreign Affairs
  • Money Matters
  • Domestic Affairs
  • IT, Innovation and Startups

In Foreign Affairs

China becomes a net importer of steel – first time since 2009

27th July 2020 Matthew Weller DMCA.com Protection Status

China becomes a net importer of steel – first time since 2009 Pin It

China has once again become a net importer of steel for the first time in 11 years, despite the fact that steel production in the Asian country itself is in full swing. This reports provider of raw material data of S&P.

China imported almost 4.4 million tonnes of steel in June, while, due to the COVID-19 crisis, only 3.7 million tonnes of Steel were exported. The daily steel production of the world’s largest steel producer reached a record height of over 3 million tonnes at the same time.

This situation arises because the Chinese economy was hit by the coronavirus earlier than the rest of the world. That is why the first recovery in the economy is also ahead of that in other countries. The last time China imported more steel than it exported was in 2009, in the aftermath of the financial crisis.

Sources have informed S&P that Chinese imports of steel semi-finished products will continue to be strong in July and August, while steel exports are likely to remain low. This means that China’s role as a net steel importer may continue for a while.

Share

No Comments

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Previous Post

Dozens of bidders gathered…

In Money Matters

Dozens of bidders gathered to buy Wirecard

View Post

Next Post

The second wave may ruin…

In Money Matters

The second wave may ruin the airlines, Ryanair suggests

View Post

In Foreign Affairs

Europe dreams of making China pay for ‘the climate damage’

View Post

In Foreign Affairs

Natalia Sergunina and Pavel Tyo: a state within a state and the offshore web of Moscow government

View Post

In Domestic Affairs

H1N2 swine flu identified in North Yorkshire, no reasons for quarantine measures yet in sight

View Post

In Money Matters

Major grocery chain supports a ban on plastic packaging of fruits and vegs

View Post

Newsletter

Latest News

View

MPs warn against swift adoption of digital pounds in retail

3rd December 2023

View

The global dairy market grows exponentially: the World Dairy Map

1st December 2023

View

Major grocery chain supports a ban on plastic packaging of fruits and vegs

29th November 2023

View

H1N2 swine flu identified in North Yorkshire, no reasons for quarantine measures yet in sight

29th November 2023

Allow us to introduce ourselves

Talk-Finance.co.uk, the analytic media. We are focused on the fresh business, M&A and financial data. We pay attention to the interesting new projects and startups while not letting the whole picture to let unnoticed.

  • Investing.com

Sign Up for Our Newsletter

Our friendly crew

  • Chris Kimble, the managing Editor
  • Matthew Weller, webmaster&technical stuff
  • Charles Sizemore, author
  • David Stevenson, author
  • Helen Rush, author

Contact us by [email protected]

© 2019-2023 Talk Finance - All Rights Reserved. [email protected] DMCA.com Protection Status