Reported about 5 hours ago
China's steel exports are projected to reach a record high this year, increasing by 4% to 9% to between 115 million and 120 million metric tons, defying earlier predictions of declines due to trade barriers. The surge in exports, fueled by the need for new markets as domestic demand wanes, carries the risk of provoking more protectionist measures globally. Despite strong export volumes, the shift towards lower-value steel products is pushing down the overall value of exports, raising concerns within the industry about the sustainability of this export strategy amidst rising tariffs and potential market saturation.
Source: YAHOO