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China's steel exports to be affected by India's withdrawal of export taxes

According to the report of the China Iron and Steel Association (CISA)...

China's steel exports to be affected by India's withdrawal of export taxes

In October, China's steel exports declined in the second half of the year due to the low demand from foreign countries and the reduced price advantage.

In November, due to the increase in Chinese domestic steel prices, the prices of hot rolled flat products increased and their competitiveness decreased. In the short term, steel exports will continue to decline.

Besides, Indian authorities' withdrawal of export duties on iron ore and steel products may affect China's steel exports next year.

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