China returns to steel import markets after holiday

摘要

Traders in China have returned from the country's Golden Week holiday hungry for steel imports although there are significant gaps between bids and offers for major products, market participants have told Fastmarkets. Climbing Chinese steel prices, bullish sentiment over market conditions in the months ahead and production cuts in China's steelmaking hub of Tangshan are the main reasons given for China's renewed interest in imports in recent days.