China steel exports poised for record high, risking further tariff backlash (www.reuters.com)
from schizoidman@lemmy.zip to world@lemmy.world on 18 Sep 04:17
https://lemmy.zip/post/48946836

cross-posted from: lemmy.zip/post/48946777

China’s steel exports are set to hit an all-time high this year, defying predictions that unprecedented trade barriers would drive down shipments

Exports will grow 4% to 9% this year to hit between 115 million and 120 million metric tons, according to forecasts from 11 analysts

Rising exports of semi-finished products are also drawing opposition from the Chinese government. Beijing wants steelmakers to add value and is weighing higher export taxes to discourage shipments of lower-value steel.

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