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COPYRIGHT 2006 Asia Pulse Pty Ltd
BEIJING, Oct 31 Asia Pulse - China's steel exports saw blistering growth in the first three quarters of this year but the pace will slow down, the China Iron & Steel Association said yesterday.
The nation exported 28.59 million tons of steel products in the first three quarters, rocketing 81 per cent from a year earlier, according to statistics from the steel association.
The rapid growth was mainly the result of strong global demand for steel products and much higher prices on the international steel market than on the domestic market, said Luo Bingsheng, vice-chairman of the steel association.
"However, the sensational pace will not persist. It will decelerate to normal levels due to the shrinking gap between steel...
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