Baosteel bucks the coronavirus trend with surging U.S.-bound shipments — Panjiva
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Baosteel bucks the coronavirus trend with surging U.S.-bound shipments

China 2393 Coronavirus 256 Materials - Metals/Mining 596 Metals - Steel 422 Tariffs 1558 U.S. 4229

Chinese steel exports may surge in March and April in response to a coronavirus-linked drop in demand for the products in China, S&P Global Platts reports. Chinese steel and aluminum exports dropped 28.6% and 22.7% year over year respectively in January and February combined in dollar terms as both production and logistics were disrupted. A surge in Chinese steel exports will do little to alleviate global protectionism in steel. The latter has been exemplified by U.S. national security and trade war tariffs on imports from China. That’s driven shipments from China to just 2.0% of U.S. su...

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