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Coronavirus: Chinese steelmaking hub hit, with highway closures reducing output and delivery

Mainland China’s biggest coronavirus outbreak in months – in the northern steelmaking hub of Hebei province – has triggered curbs on transport, including truck deliveries of steel.But analysts expect the price of the metal to drop in the short term after a strong rise supported by the nation’s economic recovery.“As Hebei enters a state of war [with the coronavirus], together with a deep plunge in the temperature, the [steel] demand cannot be wholly met,” said Fubao Information, a data-analytics…

Read the original article at South China Morning Post

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