News Room - Steel Industry

Posted on 19 Mar 2009

China's steel exporters face grim export conditions

China's steel exports could contract 80 percent by volume this year, more than the previously forecast 50 percent, a senior domestic industry expert told an industry conference Wednesday.

 

Shan Shanghua, secretary-general of the China Steel Industry Association, said steel exporters faced a "grim" situation as the world economy remained weak.

 

Customs statistics have shown a big drop in steel exports, which fell 9.6 percent month-on-month to 1.56 million tonnes in February.