China’s Great River of Steel Swells Again as Trade Tensions Rise

August 8, 2016 4:30 AM

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There’s a river of steel flowing out of China despite the best efforts of governments around the world to dam the flow from the world’s top producer, with data on Monday showing that overseas shipments held above 10 million tons in July.

Sales increased 5.8 percent on-year to 10.3 million metric tons last month, compared with 10.9 million tons in June, according to China’s customs administration. Exports in the first seven months expanded 8.5 percent to 67.4 million tons, a record volume for the period. That’s more than South Korea,...

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