China’s steel trade surplus tops $21B in first 10 months
Nov 26, 2007 | 03:15 PM
| Bob Jones
China's net steel trade surplus more than quadrupled in dollar terms to nearly $21.2 billion in the first 10 months of this year, according to data provided by the Iron and Steel Statistics Bureau (ISSB), London.
The rising trade surplus came as Chinese steel exports rose 50.4 percent year-on-year to 58.57 million tonnes while imports fell 8.8 percent to 14.48 million tonnes, leaving the net export surplus in the 10-month period at 44.1 million tonnes, up 91.2 percent from a year earlier.....
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