According to the Steel Business Briefing, China's trade surplus in steel and steel products in 2005 should continue. China did, however, remain dependent on certain types of steel product imports to meet its rapid economic growth.
The briefing reported China producing a record 349 million tons of crude steel in 2005. The total steel production in China was more than that of the next four largest steel making countries combined. In 2006, one of the key themes for Chinese mills will be a focus on quality and customer service as a way to regaining some of the margin lost in 2005. According to the briefing, "the country's net steel export trade balance could grow to as much as 15 million tons, assuming reasonable Asian steel demand and pricing, and no downgrading of finished steel export rebates."Read Next
Taiwo Adebayo
June 26, 2023
