China’s steel exports unlikely to rebound
China's steel exports are unlikely to rebound in early 2018 as tight supplies and robust domestic demand encourage steel mills to sell products in the domestic market instead
Exports hit a record high of 112.4mn t in 2015, exceeding 100mn t for the first time. The increase came as domestic demand slumped amid a consensus view at the time that China's steel demand had peaked, with output likely to fall over the next decade. Exports edged lower in 2016 to 108.46mn t.