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China steel exports rise for fourth straight month [UPDATE] [CORRECT]

July 12, 2010 - 04:38 GMT Location: Shanghai

KEYWORDS: china , steel , export , import , June , semis

Chinese exports of finished steel surged past 5 million tonnes in June as mills rushed to export material before tax rebates were tightened in July.

Chinese exports of finished steel surged past 5 million tonnes in June as mills rushed to export material before tax rebates were tightened in July. Exports rose for the fourth month in a row to 5.62 million tonnes, up 13.7% from 4.94 million tonnes in May, according to preliminary figures from Chinese customs.  The cancellation of export rebates on a wide range of steel products from July 15 encouraged exporters to sell material for...

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