TOKYO/HANOI -- China's imports of steel increased by 150% to 38.56 million tons in 2020, according to the country's customs agency, as its producers struggled to keep up with surging demand fueled by government efforts to pull the economy out of a coronavirus-induced downturn.
Trade
China steel imports surge 150% in 2020 on economic stimulus boost
Asian producers reap big benefits but supply glut fears persist
A man works at Hoa Phat steel mill in Vietnam, a country that has seen its steel exports to China increase by a factor of nine. © Reuters
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