China Iron & Steel Association (Cisa) forecasts the country could post a decline of 16 million tonnes in steel exports in 2020 amid the Covid-19 pandemic, sources told Fastmarkets.
The association convened with several major mills on May 12 to address concerns of the country's rising imports against falling exports in the steel industry, two sources familiar with the meeting said.From January to March this year, China imported 3.18 million tonnes of steel, up by 9.7% from a year ago. It also imported 1.73 million...