International Steel Mills
February 5, 2020
Source in China Reports on Disruptions from Virus
Written by Tim Triplett
The frightening coronavirus outbreak in China has disrupted manufacturing and construction, which may lead to lower steel prices. Commerce at China’s many ports has also been impacted to varying degrees, reports a Steel Market Update source in Beijing.
At some Chinese ports, ships are able to berth and unberth as normal. In other locations, loading and unloading is slowed by a lack of manpower. Crew changes are restricted to prevent replacement workers from passing on the virus. Trains continue to move goods in most areas, but many highways are closed preventing trucks from making deliveries, the Chinese trader told SMU.
