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09 Aug
10:45

Policy orientation hits Chinese steel exports in July

China’s increasing focus on domestic markets, policies to discourage exports, and uncertainty over export taxes hit the country’s finished steel exports in July, Kallanish notes. Exports that month stood at 5.67 million tonnes, down 12.2% month-on-month but still 35.75% higher year-on-year, preliminary customs figures show. Over January-July, China exported 43.05mt of finished steel, an increase of 30.9% y-o-y. Exports in 2020 were …
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