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Chinese steel exports close to record levels

China's steel export increased in June and reached the second-highest level for a single month ever, reports news agency Direkt.

Photo: Georg Hammerstein/POLFOTO/ARKIV

In June China's export of steel climbed to the second-highest level ever for a single month, reports news agency Direkt. China and the EU have now set down a work group to discuss the Chinese overproduction.

China's steel export rose to 10.9 million tons in June, up 23 percent compared to the same month last year. Only once before - in September last year - did the Chinese supply more steel, reports Bloomberg News citing data from the Chinese customs authorities.

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