Jiangsu Shagang, the listed unit of China's biggest privately-owned steel producer, said on Monday the government should provide steelmakers with more support in their efforts to export products and shift capacity overseas.
China's massive steel sector has come under growing international scrutiny, with foreign steelmakers accusing the country's firms of flooding the global market with cheap, subsidized steel and driving them out of business.
But Chen Ying, Shagang's general manager, said supporting exports would help speed up China's efforts to tackle a massive capacity surplus now amounting to around 300 million tonnes a year, nearly double the total annual production of the European Union.
"China should support exports - steel product exports and moving projects and plants abroad," said Chen at an industry conference.
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