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PrintChina's steel exports could contract 80 percent by volume this year, more than the previously forecast 50 percent, a senior domestic industry expert told an industry conference Wednesday.
Shan Shanghua, secretary-general of the China Steel Industry Association, said steel exporters faced a "grim" situation as the world economy remained weak.
Customs statistics have shown a big drop in steel exports, which fell 9.6 percent month-on-month to 1.56 million tonnes in February.
(www.chinamining.org)
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