China's surging steel exports risk new round of trade frictions

Chinese steelmakers divert excess output as demand cools at home

20231219N China steel mill

China accounts for half of the world's steel production. (Photo by Tomoko Wakasugi)

TOMIO SHIDA, Nikkei senior staff writer

TOKYO -- China's steel exports have risen to levels that are disrupting international markets and rekindling trade frictions.

China is on track to export around 90 million tonnes of steel in 2023, approaching the more than 110 million tonnes of 2015 -- a year that saw a proliferation of anti-dumping measures around the world.

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