International Steel Prices
December 14, 2014
Chinese Steel Export Tax Rebate Rumors Re-Surface
Written by John Packard
The subject of how China is going to deal with their surging steel exports continues in earnest after the release of the most recent Chinese export data. As the graphic shows below, the Chinese steel mills have spent this calendar year flooding the world markets with their steel excesses. In November the Chinese steel mills exported 9,720,000 metric tons (10,714,000 net tons) of steel products around the world. This is an increase of 12.1 percent over October’s 8,550,000 metric tons of steel exports.
