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Macquarie sees Chinese steel getting cheaper

China's steel exports, which have ballooned to more than 100 million tonnes this year, may stay at that level for the rest of the decade as infrastructure and construction demand continues to falter.


THE world needs to get used to cheap Chinese steel, with export prices poised to fall again next year as the world's biggest producer adjusts to demand that's dropping for the first time in a generation.

The price of hot-rolled coil, used in everything from fridges to