China's scrap steel exports soar in 2017

Updated 2018-02-22 09:51:02 Xinhua

China's scrap steel exports soared in 2017 as domestic demand was dampened, according to data from an industry association.

The country exported 2.2 million tonnes of scrap steel last year, compared with just around 1,000 tonnes in 2016, according to the China Iron and Steel Association.

The surge came despite a 40-percent tariff on scrap steel exports as millions of tonnes of such steel was kept out of the domestic market due to a ban on the production of "ditiaogang," or steel made from scrap metal.

Most exports went to Southeast Asian nations such as Indonesia, Thailand and Vietnam. The biggest sources of exports were eastern and southern coastal provinces including Guangdong, Jiangsu, Zhejiang, Fujian and Hainan.

China phased out the production of 140 million tonnes of "ditiaogang" last year as part of efforts to reduce excessive capacity in the steel sector.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58December 20 2018 00:31:46

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16December 20 2018 00:31:46

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18December 20 2018 00:31:46

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

China World Business Sports Showbiz Audio
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
China World Fun Travel Entertainment Sports
Beijing Shanghai Guangzhou
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords