China market participants unfazed by US steel exports in wake of trade war truce

Market participants in China say they are not worried by the expected increase in steel imports from the United States, even after the two major economic powers signed the phase one economic and trade agreement on Wednesday January 15.

While the agreement does not set out the increase in quantity of US-origin steel exports China will accept, Chinese market participants do not expected the increased volumes to influence domestic prices and supply.

China imported 55,874 tonnes of finished steel from the United States in January-November 2019. This is a mere 0.5% of total import volumes of 10.82 million...

Published

Jessica Zong

January 16, 2020

10:57 GMT

Shanghai