Yuan devaluation unlikely to spur China's steel exports

The recent Chinese Yuan devaluation together with many other currencies against the US dollar is unlikely to spur China's steel exports this year, partly as China's export offering prices may still be way higher than the supplies from the other countries despite a possibility of price cut, Mysteel understands from the market.

The recent Chinese Yuan devaluation together with many other currencies against the US dollar is unlikely to spur China’s steel exports this year, partly as China’s export offering prices may still be way higher than the supplies from the other countries despite a possibility of price cut, Mysteel understands