In the last few years, China has consistently added capacities in almost all steel categories in anticipation of de-mandgrowth. Withdeclinein domestic demand since 2012, Chinese firms were saddled withsurplus capacities (total finished steelsurplus: 130MT in 2013) in almost all categories, which prompted them to export increasingvolumes to all major steel producing countries. India became an easy destination due to its large market size, preference forlow-endproducts at cheap prices and logistic advantage for China.
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