09
Mar
00:00
Chinas steel imports slump on currency and weak auto
China imported just 870,000 tonnes of finished steel in February, down 24% from January and 11% year-on-year, according to China Customs statistics. China’s weak demand, especially its slow growth in automotive sales, has combined with a sharp currency depreciation over the last three months to push imports back from record highs in 2014, Kallanish notes.
The Chinese Yuan has gone from around 6.12 to the US dollar in November last year to around 6.26 i…
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Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous