China's Steel Exports Hit Two-year High in June-Shanghai Metals Market

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China's Steel Exports Hit Two-year High in June

Industry News 08:45:14AM Jul 26, 2012 Source:SMM

Updated: July. 26 (China Daily) - China, the world's biggest steel producer, is exporting at the highest level in two years, exacerbating a global glut that may affect competitors from ArcelorMittal to US Steel Corp.


Monthly shipments abroad rose to 8.7 percent of domestic output last month, the highest proportion since July 2010. Chinese steel mills, set for a record production in 2012, are ramping up overseas sales to avoid a softer domestic market, where prices for the commodity have dropped to a two-year low.
 

Key Words:  China   steel export 

China's Steel Exports Hit Two-year High in June

Industry News 08:45:14AM Jul 26, 2012 Source:SMM

Updated: July. 26 (China Daily) - China, the world's biggest steel producer, is exporting at the highest level in two years, exacerbating a global glut that may affect competitors from ArcelorMittal to US Steel Corp.


Monthly shipments abroad rose to 8.7 percent of domestic output last month, the highest proportion since July 2010. Chinese steel mills, set for a record production in 2012, are ramping up overseas sales to avoid a softer domestic market, where prices for the commodity have dropped to a two-year low.
 

Key Words:  China   steel export