China’s steel market set to take hit if EU moves against Chinese EVs

China’s steel market is set to take a hit if the EU introduces duties on imports of Chinese electric vehicles (EVs) after the bloc started the anti-subsidy probes earlier this month, market participants unanimously believe.

Such concerns have emerged with the automotive industry and other manufacturing sectors playing a bigger role in steel consumption in the country which is struggling with a property downturn.



Zihuan Pan

September 22, 2023

11:58 GMT