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China News: China's Steel Export Surges on Strong Overseas Demand

  

October 20, 2023     Share on   facebook   Twitter

Chinese steel producers are experiencing a surge in exports due to strong foreign demand, providing relief from sluggish domestic sales. Some steel companies are reopening their export businesses after a decade, driven by the red-hot demand for Chinese steel products in international markets. This trend reflects a strategic shift in the steel industry as companies seek to balance their surplus through foreign sales amid weaker demand at home.