China's export licences won't reduce excess steel exports, Japan lobby head says
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Japan Iron and Steel Federation Chairman Tadashi Imai stated that China's planned export-licence requirement for steel will not effectively curb export volumes or support price recovery. The measure aims to control product quality rather than address overproduction issues. Japan criticizes China's subsidized steel exports for worsening global market conditions. Japan's domestic steel demand is expected to remain flat, with crude steel output unchanged. U.S. tariffs are projected to reduce Nippon Steel's profit by 20 billion yen this fiscal year.
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