In the first half of the current year Chinese steelmaker Xuanhua Steel Inc., a subsidiary of major Chinese steel producer Hebei Steel Group, exported over 50,000 mt of boron-added wire rods made to US standards to the global market.
The product in question benefits from a preferential export rebate policy in China. Xuanhua Steel has stated that in the difficult market situation it has been focusing on the development of high-end products such as the boron-added wire rod made to US standard.