Top China steelmakers Baowu, Shagang sees first-quarter output down due to virus outbreak

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BEIJING (Reuters) – China’s biggest steel producer, China Baowu Steel Group, expects output to fall 5% in the first quarter of 2020 due to coronavirus disruptions, a company official said on Saturday.

The steel giant, which churned out 96 million tonnes of crude steel in 2019, sees its first-quarter output down by 1 million tonnes from the same period last year, Zhang Jingang, vice general manager of the group, told an industry news conference held by the China Iron and Steel Industry Association (CISA).

Read more : Reuters

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