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China's steel, aluminium output at record, US mulls penalties over imports

China has long-denied that it has been offloading metals abroad at the expense of foreign producers

Reuters  |  Beijing/Melbourne 

China churned out record amounts of steel and aluminium in June as producers rushed to cash-in on rallying prices in the wake of a drive by Beijing to crack down on the output of low-grade metal. That could fuel concerns the world's top steel producer will export more metal, stoking global oversupply and fanning tensions with the United States after it accused the nation of flooding international markets with cheap aluminium and steel. US President Donald Trump has threatened to use a Cold War-era law to restrict imports for national security reasons as bilateral talks ...

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First Published: Mon, July 17 2017. 16:09 IST