08
Oct
11:11
JPMorgan sees China’s net steel exports peaking around 2020
JPMorgan has issued a report projecting peak Chinese steel exports this year at around 105 million tonnes, while net exports are expected to continue growing until 2020. The banks net export forecast for 2015 seems rather low however, Kallanish notes.
The bank believes net exports will be at around 86mt in 2015, 87mt in 2016, 83mt in 2017 and will hit around 90mt in 2020, where the level will hold for several years. It says the rapid increase in exports ove…
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Anonymous
Very good overview of the weekly steel market.
Anonymous