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China's Steel Exports Surge, Impacting ASEAN Markets
There’s no doubt that China is desperately seeking new markets to hawk its goods and commodities after the U.S. trade tariffs kicked in. This is especially true when it comes to the country’s steel industry. In fact, even prior to the trade war, Beijing was actively looking at expanding its access to steel markets. So, as anticipated, there are now reports of Chinese steel being dumped in Indian and ASEAN countries. While India quickly responded with a 12% safeguard duty, ASEAN countries like Malaysia and Vietnam now find themselves recipients of millions of tons of cheap Chinese exports. The boost in exports to ... (full story)
