CN steel products export set record
According to Liu Yuan, analyst of Mysteel Research Center, domestic steel price witnessed a general decline in June, whileprice on foreign market was still firm. The price difference keptrising and ocean freight went down significantly. As a result,
The export volume was estimated to exceed 6 million tons in June,and is likely to decline slightly in July and August due to theweak demand from the oversea market, where summer vocation istaking place.
Analysts hold that there cannot be major change in the policy forthe export of steel products because the emphasis of the tradepolicy this year is only structural adjustment.
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