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China turns to Africa for its surplus steel exports

By Updated: Industry and Trade No Comments6 Mins Read
steel exports steel products
As far back as 2018, Chinese steelmakers started seeking new export destinations in Africa and South America. China turned to Africa as their biggest overseas buyers in Southeast Asia could no longer usurp its steel owing to new US trade actions. (Source: CGTN)

Ongoing China’s real estate crash is causing a ripple effect in the steel industry. Market prices for steel have fallen sharply in Asia amid the flood of Chinese exports. At the same time, Sub-Saharan Africa metal exports are relying on anti-dumping laws to stay afloat. China's real estate bubble has busted and with it caused

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Giza Mdoe is an experienced journalist with 10 plus years. He's been a Creative Director on various brand awareness campaigns and a former Copy Editor for some of Tanzania's leading newspapers. He's a graduate with a BA in Journalism from the University of San Jose. Contact me at giza.m@mediapix.com

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