Chinese steelmakers are still flooding the world with record exports, as a rising tide of protectionism is offset by resilient demand in Southeast Asia and growth in new markets in the Middle East.
Saudi Arabia has emerged as the hot destination for 2025. Shipments of the metal to the kingdom are up 41% in the first nine months from a year earlier, the biggest jump to any major market, according to Bloomberg calculations based on Chinese customs data.
That’s helped Chinese steel mills defy expectationsthat they would struggle in 2025 due to rising tariffs and antidumping probes. Overall ...
