China’s steel price preoccupation could lead to export acceleration

China 2797 Materials - Metals/Mining 683 Metals - Aluminum 216 Metals - Steel 467 Tariffs 1728 U.S. 4995

China’s Premier, Li Keqiang, has presided over a meeting that has warned that “the sharp rise in international commodity prices has brought great pressure on enterprises to increase costs” with a potential need to “strengthen market regulation of raw materials to ease the cost pressure of enterprises”. Domestic price restrictions and an imperative to maintain production could lead to a surge in exports. Chinese steel exports climbed 44.8% higher year over year in January and February combined and by 3.5% compared to the same period of 2019. A renewed surge of exports to the U.S. would li...

Copyright © 2021 Panjiva Supply Chain Intelligence, a product offering from S&P Global Market Intelligence Inc. All rights reserved.