WEEKLY: China steel exports up as domestic sales lag

Source: Mysteel Nov 16, 2021 16:45

Chinese steel exports became more active last week as mills and traders noted the continuous price slumps and weak sales in the domestic market, market sources observed.

"Last week, Chinese steel mills in general became more willing to accept export orders because selling abroad is much more attractive than selling domestically," a market insider based in Beijing observed. Compared with exporting, where the mills will probably manage to secure some profits, "selling to the domestic market means the

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