Insight
China is a net steel importer, but for how long?
Report summary
China’s imports of steel have outperformed so far in 2020. Total steel imports including semis and finished steel doubled in the first half of the year, while steel exports shrunk 17% during the same period. This has resulted in China becoming a net steel importer for the first time in over a decade. Here we outline the drivers for China becoming a net steel importer and why we don’t believe it will be a long-term trend.
Table of contents
- Executive summary
- Who is exporting?
- Echoes of the 2009 global financial crisis
- Re-rollers’ arbitrage
- Is it sustainable?
Tables and charts
This report includes 7 images and tables including:
- China's net imports of steel (including both semis and finished steel)
- China's steel exports versus imports
- China's semis imports by nation
- Steel imports from India versus its apparent steel usage
- Steel imports from Russia versus its apparent steel usage
- Billet prices spread between India and Jiangsu
- Billet prices spread between Russia and Jiangsu
What's included
This report contains:
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