25
Nov
09:58
Xinjiang steel exports surge on overcapacity
Steel exports from China’s north-eastern Xinjiang are surging after rampant investment left the province with massive overcapacity. Exports are likely to be a lasting fixture for the region but are still not at a level which could justify the investments of recent years, Kallanish notes.
Over the first ten months of 2015, Xinjiang exported 601,868 tonnes of steel, up 77.9% from a year earlier. Although this has been enabled by investment in central Asia, e…
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Anonymous
Very good overview of the weekly steel market.
Anonymous