FOCUS: Chinese steelmakers brace for tough 2020 despite trade war truce

摘要

Chinese steel exporters are bracing for a tough year end and an equally challenging 2020, even as the trade war between China and the United States mellows after a truce reached in early October. A source at a major steelmaker in eastern China expects the export market for Chinese steel to worsen in the months to come, even if the US holds off on increasing its tariffs on Chinese imports. “The truce will benefit exports in the long term, but there will be increasingly fiercer competition in the market because more and more countries are offering products at lower prices than China even before things pick up,” the source said.