China’s Steel Exports Face Headwinds as Trade Backlash Worsens
- Vietnam is the latest importer to launch an anti-dumping probe
- Foreign markets are crucial to replacing consumption at home
This article is for subscribers only.
China’s flood of steel exports could ease in coming months, as a backlash from trade partners seeking to protect their domestic industries builds momentum.
Vietnam is the latest importer to initiate an anti-dumping probe into Chinese steel, as soaring overseas sales worsen economic frictions around the globe. The Southeast Asian country is the biggest foreign buyer of the alloy from China, and joins nations including the US, Saudi Arabia and Chile in launching or preparing trade measures to tackle the surge.