fmg and fe, page-441

Spuza rc and others.
There is a lot of premature naysayers patting themselves on the back, its not over till the fat lady sings.
I have been looking at the export steel volumes for China, so far this year its export volumes are down 1m tons of steel a month or 1.5m tons of iron ore. Sanctions in the US will have almost no effect, the US is not even in the first twenty of overseas markets of the Chinese, and less than 3% of 89m tons goes to the US. Duties etc will have no effect. The biggest markets for Chinese steel, (which makes up 13.9% of total steel production) are Vietnam, Thailand, Singapore, Indonesia, Korea and Japan. Only Korea and Japan have significant steel mill infrastructure.
The conclusion is whilst export demand is very slightly down, any increase in world steel demand will almost certainly see Chinese exports top the 100m ton mark.