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Commodities

China's appetite for steel leaves it less to sell abroad

Exports fell to four-year low in 2017 after capacity cuts

TOKYO -- China has less steel to ship to other countries now that a crackdown on substandard products has slashed capacity while infrastructure builders and automakers continue consuming the key material at home.

Steel exports amounted to 75.43 million tons in 2017, tumbling 30.5% from 2016 to a four-year low, shows data released Friday by the General Administration of Customs. The tally missed the 100 million ton mark for the first time in three years.

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