China Moves to Curb Record Steel Exports With Licensing System
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000China will implement a steel export licensing system, the country’s Ministry of Commerce said, in what could be a bid to tame record shipments of the metal flowing out the country. Exporters will have to seek permission to ship out a range of steel products starting from Jan. 1, the ministry said in a statement. The announcement didn’t give any reason for the new regulations, but comes at the end of a record year for China’s steel exports.