During 2005, China, a former steel importer,
became a net exporter of steel. In November of this year, it had net exports of
over one million tons, double October's amount.
Through the third quarter, total steel
exports were 15.8 million tons, an increase of 83% over the same period the
year before. At the same time, steel imports were dropping. The first three
quarters of the year saw 20 million tons of steel imported, down 16.4% from the
previous year.
The United States may see an economic
threat in the rise of Chinese steel exports. The Economic Observer predicts

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