China’s leaders want to move the world’s second-largest economy away from exports. But, for its steelmakers, this is turning out to be a bumper year.
Exports of steel from China were a record 8.52m tonnes last month, an increase of 73 per cent from a year earlier, according to customs data.
Hit by slowing domestic demand, tighter environmental regulations and debt loads that are becoming harder to repay from domestic sales, China’s steelmakers are looking to export their way out of trouble.
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