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Kallanish Kallanish

Knowledge matters Knowledge matters

May, 28th 2020

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CSI: Chinese New Year brings demand hopes (Jan. 10, 2020)

Chinese steel markets fell quiet at the end of 2019 and are likely to remain quiet until the Chinese New Year holiday at the end of January. A quickening increase in inventory levels is being offset by expectations of firm demand in the first half of the year. 

Government support is key to boosting those expectations, but the success of supportive measures will not be known until real end user buying picks up. That will also then define both import and export markets, and the resulting impact on international steel markets.

The question now is, will expectations of strong spring demand prove true?