Fitch Ratings predicts a continuing high level of exports of steel from China

Market news

17 November 2016

Fitch Ratings predicts a continuing high level of exports of steel from China

The export of steel from China were to remain at about 100 million tons in 2017. Agency experts refer to sustainable consumption and slowing rationalization potential of steel. Competitiveness of Chinese production continues to be supported by a cheap yuan and the reduction in commodity prices. In addition, some analysts predict a further state support in the next few years.

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