LINE

Text:AAAPrint
Economy

China's scrap steel exports soar in 2017

1
2018-02-22 09:43Xinhua Editor: Gu Liping ECNS App Download

China's scrap steel exports soared in 2017 as domestic demand was dampened, according to data from an industry association.

The country exported 2.2 million tonnes of scrap steel last year, compared with just around 1,000 tonnes in 2016, according to the China Iron and Steel Association.

The surge came despite a 40-percent tariff on scrap steel exports as millions of tonnes of such steel was kept out of the domestic market due to a ban on the production of "ditiaogang," or steel made from scrap metal.

Most exports went to Southeast Asian nations such as Indonesia, Thailand and Vietnam. The biggest sources of exports were eastern and southern coastal provinces including Guangdong, Jiangsu, Zhejiang, Fujian and Hainan.

China phased out the production of 140 million tonnes of "ditiaogang" last year as part of efforts to reduce excessive capacity in the steel sector.

  

Related news

MorePhoto

Most popular in 24h

MoreTop news

MoreVideo

News
Politics
Business
Society
Culture
Military
Sci-tech
Entertainment
Sports
Odd
Features
Biz
Economy
Travel
Travel News
Travel Types
Events
Food
Hotel
Bar & Club
Architecture
Gallery
Photo
CNS Photo
Video
Video
Learning Chinese
Learn About China
Social Chinese
Business Chinese
Buzz Words
Bilingual
Resources
ECNS Wire
Special Coverage
Infographics
Voices
LINE
Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
Copyright ©1999-2018 Chinanews.com. All rights reserved.
Reproduction in whole or in part without permission is prohibited.