China set to become net steel exporter as early as this year

[this is old news, except for the last line, which was news, at least to me]

Yahoo! Finance

China may become a net exporter of steel products as early as this year as domestic production outpaces demand, the official Xinhua news agency reported, citing the London-based Iron and Steel Statistics Bureau.

[…] Xinhua said that China had been a net exporter of steel on a monthly basis between September and December last year and that it could become a net exporter on a full-year basis as early as this year.

China’s net imports of steel halved […] and last year the country was the world’s fifth largest steel exporter, the agency said.

The Chinese government is looking into scrapping tax rebates for steel exports to discourage overseas shipments, Xinhua added, citing Chinese industry officials.

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