terça-feira, 24 de maio de 2016

CHINA SAYS THAT IS NOT ENCOURAGING LARGE EXPORTS OF STEEL

China, the world's top steel producer, is not encouraging large exports of the product and has taken measures to control shipments offshore, the country's steel association said on Tuesday.
"The Chinese steel industry is willing to solve trade disputes through cooperation ... it strongly opposes protectionism and making the steel trade a political issue," the China Iron & Steel Association (CISA) said in a report on its website.
CISA said a rise in Chinese steel exports has been driven by a recovering global economy, rising international demand and higher competitiveness. It said the government has taken measures such as increasing export duties on some steel products and cutting export rebates.

China exported a record of 112 million tonnes of steel last year, despite the cancellation of tax rebates on boron steel, as the country's producers aimed to offset a slowing domestic economy and waning demand that drove prices down by 36 percent during 2015.

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