China's Steel-Product Exports Drop in May on Month After Tax Breaks Curbed

(Bloomberg) -- China, which supplies one-third of
the world's steel, exported 6.17 million metric tons of steel
products last month, the customs office said today, 14 percent
lower than April's record figure after tax breaks were cut.

Steel-product exports more than doubled to 27.4 million
tons in the first five months from a year earlier, the Beijing-
based office said today. The nation exported 7.16 million tons
in April, an all-time high, and 3.49 million tons in May of 2006.


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