Semis Propel Chinese Steel Imports to Record High in 2020
Chinese Steel ImportsSTSI Holding

Semis Propel Chinese Steel Imports to Record High in 2020

Mysteel reported that new data from China’s General Administration of Customs showed that China imported 18.3 million tonnes of semi finished steel

Mysteel reported that new data from China’s General Administration of Customs showed that China imported 18.3 million tonnes of semi finished steel items in 2020, five times higher than in 2019 and hitting a record high. Semi-finished steel imports reached record levels last year as domestic prices were much higher than international prices. As a result, China’s total import of steel in 2020, ie semis & finished steel, surged to 38.53 million tonnes up by

As reported earlier, strong steel demand in China lifted its 2020 steel imports to the highest level since 2005, even as the country maintained its status as the world's biggest steel exporter. China's finished steel imports rose by 64.4% YoY to 20.23 million tonnes in 2020, with exports falling by 16.5% YoY to 53.68 million tonnes

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