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Chinese steel demand proving elusive this year

Home | Press | Chinese steel demand proving elusive this year

Owners must now brace for a disappointing steel season out of the sector’s most important nation, China.

Trying to get a fix on where the Chinese economy is heading has been a tricky task for many in dry bulk over the past year.

Giuseppe Rosano, founder of London brokers Alibra Shipping, conceded: “China has somewhat been quite elusive in the last six months with what it has said it wants to do and what it has actually done.”

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Owners must now brace for a disappointing steel season out of the sector’s most important nation, China.

Trying to get a fix on where the Chinese economy is heading has been a tricky task for many in dry bulk over the past year.

Giuseppe Rosano, founder of London brokers Alibra Shipping, conceded: “China has somewhat been quite elusive in the last six months with what it has said it wants to do and what it has actually done.”

By Sam Chambers

(Originally published at Splash247.com – 12 April 2023)