FOCUS: 8 key effects of coronavirus outbreak on China's steel industry

By IM Staff
Published: Thursday, 27 February 2020

China’s steel industry has faced difficulties in production and sales since the first working day after the Lunar New Year holiday due to the novel coronavirus (2019-nCoV) outbreak, which has led to some 78,000 infections and close to 2,700 deaths in the country so far.

By Jessica Zong

Here are eight key effects of the outbreak has had on the Chinese steel industry, according to the China Iron & Steel Association (Cisa) and steel majors Baowu Steel and Shagang Steel. 

1. Dampened demand
Baowu Steel's steel orders for March dropped 5% month on month...

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