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Steel exports from top producer China fall as trade friction rises

China's earlier aggressive exports increased competition from India to Europe and the US, spurring complaints

China's mills, accounting for half of global production, exported huge volumes of steel this year.


THE flood of steel that mills in China are pushing onto global markets eased from a record in October amid rising trade frictions and weak overseas demand, signalling that what's been a safety valve for the world's top producer may now be starting to close.