Chinas steel exports fired up on red-hot overseas demand

Robust foreign demand for Chinese steel products, is helping firms offload some of their surplus amidst weak domestic demand. One steel company in central China’s Hubei Province said they’ve restarted their export business for the first time in 10 years. Higher margins in foreign markets are also helping Chinese steel companies retain their business. Industry data shows China exported nearly 60 million tons of steel products from January to August this year, up more than 28 percent from last year. __________________ ShanghaiEye focuses on producing top-quality contents. Nobody knows SHANGHAI better than us. Please subscribe to us ☻☻☻ __________________ For more stories, please click ■ What’s up today in Shanghai, the most updated news of the city ■ Amazing Shanghai, exploring the unknown corners of the city, learning the people, food and stories behind them ■ What Chinese people’s lives are like during the post COVID-19 period ■ Views of foreign scholars on China and its affairs ■ Foreign faces in Shanghai, people living in this city sharing their true feelings ■ Mini-docs showing why China is the country it is today __________________ ☎Leave us messages if you have any suggestions or questions! Thank you!