China’s steel exports are set to hit an all-time high this year, defying predictions that unprecedented trade barriers would drive down shipments
Exports will grow 4% to 9% this year to hit between 115 million and 120 million metric tons, according to forecasts from 11 analysts
Rising exports of semi-finished products are also drawing opposition from the Chinese government. Beijing wants steelmakers to add value and is weighing higher export taxes to discourage shipments of lower-value steel.