Chinese Steel Exports Hit Record High Despite 54 New Tariffs - Here's Why
Key Points
- China's steel exports are projected to hit a record 115-120 ...
China's steel industry just pulled off what economists are calling the trade equivalent of running uphill while everyone throws rocks at you. Steel exports are set to reach record highs of 115-120 million metric tons this year, up 4-9%, even as 54 new tariffs have been slapped on Chinese steel since 2024.
The math here is wonderfully perverse: the more barriers countries put up, the more creative Chinese steelmakers become at finding new buyers. It's like playing whack-a-mole, except each mole that gets whacked just pops up in three different countries you've never heard of.
**When Your Prop...
While we have taken every measure to build an AI pipeline that generates credible and accuracte news, we still encourage you to conduct your own research before making investment decisions. InsAIght's content should not be considered professional financial or trading advice.