China’s export buffer zone disappears

China’s export buffer zone disappears (June 10, 2024)

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Chinese steel exports remain on track to exceed 100 million tonnes in 2024. Investigations into tax evasion have proved disappointing. China’s net steel exports have returned to the historical highs of 2015-2016.

However, the rest of Asia has changed. Capacity in Southeast Asia has increased, and demand growth has slowed. This means that unlike in 2015-2016, the rest of the world is bearing most of the impact of the increase in Chinese exports, directly or indirectly.

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China’s export buffer zone disappears (June 10, 2024)

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