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CSI: Construction and infrastructure will drive China in 2020

CSI: Construction and infrastructure will drive China in 2020 (Dec. 6, 2019)

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After a strong 2019, China’s steel sector is due to slow down in 2020. Demand however is still expected to grow slightly as construction will remain robust, and infrastructure investment should pick up. The slowing Chinese economy is expected to drag down Chinese steel demand in the medium term, but the sector could avoid the worst of it in 2020.

That leaves China with the potential to periodically support imports, and therefore global steel prices.

The question now is, will China be strong enough to support a global recovery in steelmaking margins, even as its own margins fade?

 

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