This sort information should be taken with a grain of salt since China is in the midst of huge infrastructure spending, to the tune of trillions of dollars, so I doubt they want a market where commodities are expensive. They would much rather have the rest of the world thinking they are struggling when in fact it is just the opposite; conspiracy theory. This may be a ploy to suppress prices long enough to stock pile more of what they need just prior to their infrastructure boom. If China is selling it cheap their has to be a catch, because the same steel should be of necessity to the building needs of their ever expanding population, not to mention boosting their people's quality of life, which is due for an improvement; IMHO.

TM.