Global Steelmakers May Win Reprieve as China Exports Set to Slow

  • Noble Group says higher local steel prices will curb shipments
  • Steel has rallied in China after output dropped, Pirinski says

Help may be at hand for global steelmakers battered by competition from China. The record volume of exports from the top producer will probably drop after prices surged, boosting the attractiveness for mills of local sales against shipments overseas, according to Noble Group Ltd.

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