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Kallanish Kallanish

Knowledge matters Knowledge matters

June, 7th 2020

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CSI: Uncertainty is contagious (Feb. 6, 2020)

Chinese spot steel markets remain quiet and are likely to remain subdued well into February. Government efforts to bring demand forward earlier in the year have been forgotten as the Wuhan coronavirus shutters factories and prevents workers from returning to their city of employment.

Uncertainty will dominate the market until the virus is under control. That does not mean however that other policies are not important. In addition to the reaction to the virus and its aftermath, there is potential that moves against capacity replacement projects could boost the market later in the year.

For now however, steel markets, like everyone else, are asking how long before the coronavirus outbreak is under control?