Steel Profit Secondary to China Mills Exporting Record Surpluses

Updated on
  • Flood of cheap imports eroding world prices, competitor sales
  • U.S., India allege unfair trade as China sells metal at a loss

Steelmakers in China are so determined to unload a mountain of unwanted metal on the world that profit has become less important than sales.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.