Insight
China's indirect steel exports: the hidden threat to domestic consumption
Report summary
With the US and China agreeing to a truce at the G20 summit in Osaka, further tariffs on exported goods from China have been suspended. At the time of writing, US$250 billion of Chinese goods were subject to 25% tariffs. The lists include a significant number of steel-intensive goods – the tariffs on which will ultimately affect China's steel consumption. We analysed China’s ‘indirect’ steel trade, and particularly exports to the US, to quantitatively measure how much of China's steel output is at risk because of the trade war with the United States.
Table of contents
- Executive summary
- What are indirect steel exports and how do we quantitatively measure them?
- How much of China's steel is exported indirectly?
- How much of China's indirect steel exports go to the US?
-
Which steel-intensive goods are China's top exports to the US?
- Steel goods
- Cars and autoparts
- Containers
- Vessels and ships
- What impact have the US tariffs had so far?
- Conclusion
Tables and charts
This report includes 6 images and tables including:
- Net indirect steel exports versus crude steel production
- China's direct and indirect steel exports
- The share of China's indirect steel exports to the US in 2017
- China's indirect steel exports to the US from 2000 to 2018
- The year-on-year change of the four lists of goods after the initiation of Section 301
What's included
This report contains:
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