Chinese Steel Exports

Unless Beijing rips up its current playbook and decides to re-inflate the housing market or splurge on infrastructure, then steel consumption in China is in long-term decline

The cut has failed to rein in prices, as domestic steel mills raised flat steel prices by about Rs 1,500 a tonne after the announcement

Motilal Oswal says demand for long steel has moderated, possibly weighed by weakened construction activity

Though the exact figure for semi-finished exports to China is not known, steel producers say a bulk would have gone to China.

China is the world's biggest metals consumer but also the top exporter of some industrial metals, such as steel and aluminium

Beijing is by far the world's biggest steel producer and its annual output is almost double that of the EU