China Iron and Steel Association (CISA) briefing via Reuters, main points:
- the association says it expects 2020 crude steel output to exceed 1 bln tonnes, up 3 to 5% y/y
- expects 2020 steel products exports down about 15%
- imports up about 60%
- says steel firm members Q4 orders relatively full
CISA gives credit to government support/stimulus for the output gains expected.