Wang Liqun, vice chairman of the China and Steel Association (CISA), has stated that China’s total steel exports in the current year will likely exceed 100 million mt. The overseas market has provided a chance of survival for Chinese steelmakers, he commented.
In the first eight months of the current year, China’s finished steel exports totaled 71.87 million mt, up 26.5 percent year on year, while China’s finished steel exports in 2014 had totaled 93.80 million mt, rising by 50.5 percent compared to 2013.