Ms Hongmei Li, Head of Editorial for Mysteel Global sheds light on the challenges faced by China’s Steel Market amidst COVID-19 and how the economy can make up for the lost time in 2020 and beyond.
1. China’s macro-economic environment and its challenges.
2. China’s steel mills status quo regarding domestic operations and demand (capacity utilization, stocks, downstream demand)
3.Challenges facing in the weeks to come (demand from downstream users such as auto, machinery and home appliances that may lead to less steel consumption, raw material supplies in the middle of lockdowns in many countries that are primary supply sources)
4. China’s iron ore consumption model, and what are the alternatives (domestic iron ore, existing iron ore inventories, Vale’s moving blending to China from Malaysia and their feedstocks optimization via scrap ratio)