According to ASEAN iron and steel Association concerned that China continued to increasing import of steel volumes and also selling steel prices 3%-5% low than local market. It would damage the local steel market in nesr future.

Meanwhile, China exports 36.55 million tons of steel to Asia other nations in H1 of this year, an increase 32% year on year. China steel exports to Malaysia and Vietnam were also sharply rose of 71.3% year on year and 68.5% year on year, respectively.

In addition, ASEAN iron and steel Association believed to remove China export restrictions and tax rebates were necessary to protect the local market.