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China’s Recovery, an On-time Help to the World

ABSTRACT

Amidst the disastrous situation of the COVID-19 pandemic, while steel industry was badly hit, the better-than-expected recovery in China is helping many steel companies worldwide. Surprisingly, many steel companies enjoy boosting up their production to export to China.
China’s finished steel import dropped from 13.1 million tonnesin 2018 to 12.2 million tonnes in 2019, just before the COVID-19pandemic started. However, starting from September 2019onwards, China’s steel imports picked up to above a milliontonnes a month and the volume surged to above 2 million tonnesa month in the second

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