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Steel Exports by China Top 100 Million Tons for First Time

  • Shipments jump 22% this year as mills seek overseas markets
  • Iron ore imports climb as high-cost domestic supplies shutter
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Steel exports by China exceeded 100 million metric tons for the first time as iron ore imports increased amid a shuttering of high-cost domestic supply. The steel sales through November rival output by Japan, the world’s second-biggest producer.

Shipments of steel products climbed 22 percent to 101.7 million tons in the first 11 months, according to customs data. Inbound cargoes of iron ore increased 22 percent to 82.13 million tons in November from a year earlier.