China's top steelmakers Baowu, Shagang see Q1 output down due to virus outbreak

Mon, Feb 24, 2020 - 10:28 AM

China's biggest steel producer, China Baowu Steel Group, expects output to fall 5 per cent in the first quarter of 2020 due to coronavirus disruptions, a company official said on Saturday.

PHOTO: REUTERS

[BEIJING] China's biggest steel producer, China Baowu Steel Group, expects output to fall 5 per cent 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...

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