Chinese steel imports are surging. The imported steel is not only less expensive than the domestic product, it is particularly sought for projects such as bridge construction because Chinese producers have developed an expertise in making steel for this purpose. Imports are expected to increase as the economy recovers and building demand increases. "There's usually a year-or-more lag," said MAPI's Daniel J. Meckstroth, noting that steel consumption should increase 1% in 2013 and 6% in 2014.
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