Chinese steel exports could sink 20M tonnes in ’08 exec

Dec 28, 2007 | 10:11 AM |

Chinese steel exports, including semi-finished steel, are expected to fall 20 million tonnes in 2008, continuing a downward trend seen through the fourth quarter, according to Wu Xichun, former chairman of the China Iron and Steel Association (Cisa).

Speaking at the 5th Chinese Iron & Steel Industry Chain Strategy and Investment Conference held by Beijing Custeel e-Commerce Co. Ltd. in Beijing, Wu said China is expected to export 62 million tonnes of steel products this year, up 44.2 percent from 43 million tonnes in 2006. Semi-finished steel exports this year are likely to be in the region of 6.5 million tonnes, down 2.54....

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