steel export

  • China is slashing steel shipments to Australia by 50%

    China is slashing steel shipments to Australia by 50%

    In a foreshadowing of things to come, China has slashed one of its exports to Australia by more than half, dealing a crippling blow to a crucial Australian business. It’s the only way Australia can stay afloat. China is now attempting to destabilize the iron ore market. China boasts that it has cut steel exports…