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China’s steel imports soared 26%YoY in March as coronavirus knocks foreign demand
Apr 16,2020 11:47CST
smm insight
Source:SMM
China’s imports of steel products soared last month as coronavirus containment measures dealt a hefty blow to foreign demand and pulled prices overseas lower. Data published by China’s General Administration of Customs on Tuesday showed that China imported 1.14 million mt of steel products in March, up 26.3% from a year earlier. Total imports in the first three months of 2020 came in at 3.18 million mt, with a year-over-year increase of 9.7%.
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