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.
Domestic industry trapped by 'three highs and three lows' while trade barriers rise
Chinese steelmakers are struggling with sluggish domestic demand and falling prices. (China Daily via Reuters)
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.