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Trade friction weighs on China’s steel market sentiment

The escalating Sino-U.S. trade friction is expected to pose affection on China’s steel market sentiment more than on the direct and actual steel exports or consumption, China’s steel market sources commented on August 23.
Gao Feng, spokesperson of China’s Ministry of Commerce, was busy answering questions circling around the Sino-US trade friction at the press conference on August 22, as 11 of the 13 inquiries from various media were about the U.S. possible imposing new tariffs on Chinese goods worth $300 billion. “Trade wars produce no winners,” he stressed. “China

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