ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Commodities

Record stashes of steel fill China's mills as factories stall

Industry fears another export wave that floods global market

A worker stacks steel pipes at a factory in Liaoning Province. Chinese steel demand has plummeted due to the coronavirus, sending inventory rising to record levels at the country's steel mills.

SHANGHAI/GUANGZHOU -- Inventories are piling up to all-time highs at Chinese steelmakers as the coronavirus epidemic hamstrings factories and construction sites while logistical difficulties stall shipments.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more