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China Trying to Discourage Steel Exports, Industry Group Says
05/24/2016 - Exports of Chinese-made steel are being driven by market forces and rose last year in spite of government action intended to reduce incentives for selling overseas, the China Iron & Steel Association said, according to the Reuters news agency.
According to Reuters, the association said the country has tried to discourage steel exports by cutting export rebates and increasing some export duties. But even then, rising international demand and improved competitiveness are driving a demand for exports of Chinese-made steel, the association said, according to Reuters.
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