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China steel exports seen surging to seven-year high as home demand wilts

China is set to export the most steel this year since 2016, say analysts, as the weakening yuan and competitive prices help the world's biggest producer offload surplus metal due to weak demand at home. China's massive steel industry has been hard hit by a months-long slump in the country's huge property sector, pushing steel prices to three-year lows in May. Steel exports in the first five months were up 41% compared to a year ago, customs data showed, and traders said they hav...
South Korea Li Peng Dominique Patton Pei Hao Tomas Gutierrez Sonali Paul
Source: yahoo.com

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