TOKYO -- Japanese steelmaker Tokyo Steel has resumed steel exports to China for the first time in 10 years, Nikkei has learned, thanks to surging demand for the metal due to a flurry of infrastructure projects in the country.
Chinese imports of steel materials in July tripled to 2.61 million tons from a year ago, pushing up their prices worldwide. China has pumped money into the economy to combat the impact of the coronavirus outbreak, which has led to a surge in infrastructure projects.
