Export controls: A production line at a plant of China Baowu Steel Group in Shanghai. China is mostly exporting to nearby economies and nations in South-East Asia, South Asia and the Middle East have seen the biggest increase in imports this year. — Reuters
SHANGHAI: China’s steel exports have shot up. History suggests it can’t last.
Steelmakers in the world’s biggest producer are leaning heavily on overseas sales to soak up a surplus caused by the country’s years-long property crisis.
