China becomes net steel importer first time in 11 years – ZAWYA

China becomes net steel importer first time in 11 years – ZAWYA

china becomes net steel importer first time in 11 years s&p global platts forecasts that china's crude steel production will rise by 2% year on year in 2020    image used for illustrative purpose. a labourer marks steel bars at a steel and iron factory in huai'an, jiangsu province, february 18, 2008. china has become a net importer of steel for the first time in 11 years in june, despite record daily crude steel production during the month, says a report.this indicates the extent of china's stimulus-fuelled economic recovery, which has supported rising domestic steel prices, while other markets are still recovering from the impact of the coronavirus pandemic, said platts breaking news report.china imported 2.48 million mt of semi-finished steel products in june, comprising mainly billet and slab, according to state-owned media citing china customs data released on july 25. added to finished steel imports, it took china's total imports in june to 4.358 million mt, surpassing june's finished steel exports of 3.701 million mt. this made china a net steel importer for the first time since the first half of 2009.market sources said china's imports of semi-finished steel will remain strong in july and august, while steel exports