Analysts urge more steps to revitalize domestic demand to sustain growth amid uncertainties

The supply and demand dynamics in China's steel market look set to remain in balance over the second half of 2020 as its steel capacity expansion has slowed.

Analysts said the country should ramp up its efforts to revitalize domestic demand to sustain the improvement in industrial earnings amid mounting uncertainties.

American Iron and Steel Institute (AISI) reported today that the U.S. imported a total of 1,792,000 net tons (NT) of steel in May 2020.

The American Iron and Steel Institute’s (AISI) Board of Directors formally elected John Brett.

The European Commission has published the result of its second investigation reviewing the safeguard measures put in place by the European Union on imports of steel products.

China imported 4.76mn t of coking coal in May, down by 23pc from 6.21mn t in April and down by 19pc from a year earlier.

Miner BHP and China Baowu Steel Group, the world's largest steel producer, have completed a first iron ore trade on MineHub.