Steel product exports may exceed 100m tons
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.