According to Noble Group, the tycoon of commodity trading company, pointed out that Chinese steel export is expected to decline after steel price goes up. It’s because Chinese practitioners may be more interested in doing business with the domestic steel mills, rather than the overseas mills.

Noble Group indicated said that Chinese steel export may decrease in the coming several months, and the main reason is that the performance of Chinese steel prices　are much far better than other regions since last December, soaring by 30% to 40%.

The latest official data showed that Chinese steel sales fell by 17% to 8.11 million tons in February, the lowest point since March last year.

• [Editor:Chen Zhen Seng]