China’s Steel Exports Jump to Second Highest Amid Tensions
- Shipments were a record in the first six months of the year
- EU probe ‘symptomatic’ of rising protectionism: Macquarie
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China’s steel exports climbed to the second-highest level on record in June, as shipments from the world’s biggest producer ramp up amid escalating trade tensions.
Sales advanced 23 percent from a year earlier to 10.94 million metric tons, according to China’s customs administration. That’s only eclipsed by shipments in September last year, when the country sent 11.25 million tons overseas. Exports in the first six months were 57.12 million tons, the seventh on-year increase in a row and the most ever for the period.