Chinese listed steelmakers flag losses at home, raising export urgency

Domestic industry trapped by 'three highs and three lows' while trade barriers rise

20240711 china steelmakers

Chinese steelmakers are struggling with sluggish domestic demand and falling prices. (China Daily via Reuters)

KENJI KAWASE, Nikkei Asia chief business news correspondent

HONG KONG -- Chinese steelmakers suffering from weak domestic demand are racking up losses, earnings previews show, underscoring their desperation to export just as the U.S. moves to close import loopholes through Mexico and Canada.

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