Chinese steelmaker
Baosteel stated that the Japanese earthquake has not had a major negative impact on
China's steel industry. The volume of finished steel trading between
China and
Japan is not large, and therefore the lack of Japanese steel production is expected to have limited influence. On the other hand, Basosteel general manager Ma Guoqiang, said obviously an impact of what happened in
Japan is to expected particularly on the international
iron ore prices.