Price undercutting from record Chinese steel exports may trigger trade conflict
Add BT as a preferred sourceShanghai
RECORD steel exports from China are undercutting foreign rivals on price, triggering complaints from Seoul to South Africa that may signal the start of a trade conflict.
China produces about half the world's steel, and exports are on pace to exceed 80 million tonnes this year - the most ever - according to the China Iron & Steel Association.
TRENDING NOW
DBS COO’s most important tip for AI transformation: Lead with ‘why’
Vietnam seeks US$76 billion a year from capital markets to ease reliance on banks
Too little, too late? Manila’s billion-dollar bid to ignite its sputtering EV industry
Two-thirds of Sentosa Cove resales in the red, with average loss topping S$1 million since 2023
