China, the world’s biggest steel producer, became a net importer in June for the first time since 2009. Photo: Reuters
China’s steel imports top exports for first time since 2009 to aid economic recovery from coronavirus
- Demand for steel in China rose in June as its economy recovered from the pandemic, thanks to a surge in property and infrastructure projects
- But steel exports are expected to outpace imports by August as domestic producers who have been stockpiling steel put it on the market
Topic |
Coronavirus pandemic
China, the world’s biggest steel producer, became a net importer in June for the first time since 2009. Photo: Reuters