[Steel] China's exports to check the international steel prices

China's steel imports from net to net exports will put an end to international steel prices rising four years in office. This year, China's steel exports to the EU will reach 1000 to 12 million tonnes, accounting for the EU steel imports one-third of the volume, Last year, more than 500 million tons.
Past 18 months, China's steel exports increase. In 2005, China or steel importing country. In 2006, China's net exports of steel and 3.5 million tons. Four of the past trend in the year as China's steel exports may reach 70 million tons. This will put an end to the past four years, the international steel prices doubled in the history of the steel company's profits will also be affected.
International steel industry fears that China's iron and steel industry with less force than expected. Last year, China's 10 biggest iron and steel enterprises in the country's production accounts for only 34.9% of 2004 and unbiased. Small iron and steel plants fueled heavy investment in China's steel industry output.