China Defends Steel Surge as Exports Reach Highest Since 2016.

Chinese steel exports reached their highest level since 2016 in September, raising concerns about trade tensions as China offloads its surplus to the global market. The surge in exports is driven by a subdued domestic market and the protracted slump in China's property market. Chinese steel exports have faced trade complaints from Southeast Asia to Latin America, although the dollar value of steel exports has fallen due to tumbling prices. Chinese steel is in high demand globally due to innovative new products for precision machinery and high-end manufacturing. The country is expected to ship over 100 million tons of steel this year, with the majority going to Asian nations. [Extracted from the article]

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