Market Segment
January 30, 2020
CRU: Impact of the Wuhan Coronavirus on the Steel Industry
Written by James Campbell
By Principal Analyst James Campbell, from CRU’s Steel Plate Products Market Outlook
The coronavirus outbreak in Wuhan has led to Chinese New Year holidays being extended and transportation restrictions introduced in order to contain the spread of the virus. Steel demand is normally weak during this period, but production continues as usual. Every day of lost activity across China could see demand fall by 2.5-3.0 Mt, and transportation restrictions are likely to disrupt supply chains and production output in affected areas.
