Fear factor: China steel exporters delay shipments, giving space to rivals

25 July 2018. Tight checks by Chinese customs officials to halt the smuggling of scrap steel to Southeast Asia have forced some exporters to cancel or delay shipments, benefiting rivals like Russia that are prowling for market share amid a raging Sino-U.S. trade war. Among those that have cancelled or delayed cargoes are Chinese exporters that have been taking advantage of Beijing’s generous tax rebate system on value-added steel, according to two Chinese exporters and a major importer in the Philippines.

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