Chinese steelmakers remain partially blocked from shipping steel and steel feedstocks as a result of transport restrictions across provinces and at ports.
Government officials restricted deliveries to slow the spread of the coronavirus, with the most stringent controls in Hubei province, eastern China’s Zhejiang province and neighbouring areas. Beijing has urged businesses to restart, but localities have been slow to lift transport restrictions. Most steelmakers still cannot deliver to customers and warehouses, freezing spot steel trade in some cities and swelling mills’ inventories. Some mills are running low on feedstocks.
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