Steel prod­uct ex­ports may ex­ceed 100m tons

China Daily (Canada) - - TORONTO -

China’s to­tal steel prod­uct ex­ports are likely to ex­ceed 100 mil­lion tons this year, Wang Liqun, vicechair­man of the China Iron and Steel As­so­ci­a­tion, said onWed­nes­day. For­eign mar­kets have pro­vided a life­line to Chi­nese steel pro­duc­ers strug­gling with over­ca­pac­ity and weak do­mes­tic de­mand. In the first eight months of the year, steel prod­uct ex­ports reached 71.87 mil­lion tons, up 26.5 per­cent year-on-year. To­tal ex­ports last year hit 93.8 mil­lion tons, up 50.5 per­cent year-on-year.

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