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China s steel exports to Australia drop 50% in blow to local economy

China’s steel shipments to Australia have dwindled by more than 50 percent in recent months, faster than the country’s overall steel export plunge, and the trend is set to further accelerate, as China takes more measures to cut output and restrict exports, industry insiders said.

US $1 trillion infrastructure push needs Chinese goods

The US Senate on Tuesday approved $1 trillion bipartisan infrastructure bill after months of negotiations. Despite the US government’ attempt to decouple from China, experts said the country’s infrastructure push can’t proceed without participation of China.

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