industry expert:China's steel exporters face grim export conditions
China's steel exports could contract 80 percent by volume this year, more than the previously forecast 50 percent, a senior domestic industry expert told an in-dustry conference March 18. Shah Shanghua, secretary-general of the China Steel Industry Association, said steel exporters faced a \"grim\" situation as the world economy remained weak. Customs statistics have shown a big drop in steel exports, which fell 9.6 percent month-on-month to 1.56 million tonnes in February. (Xinhua)