A spokesman for the Ministry of Commerce says China's steel sector concentrates on domestic markets and there are no government incentives for producers to export their goods overseas. 

"China's steel production has long been focusing on the domestic market, but not global markets. The Chinese government has adopted various measures to limit selling steel overseas, including higher tariffs on exports and lower rebates for producers. Now, all of the steel products' rebates are lower than 17 percent and some of the products do not have rebates at all," said Shen Danyang commerce ministry spokesman.

Shen said that from January to May 2015, Chinese steel exports rose 30 percent, but this year's increase was much lower at only 6.4 percent. Shen said that shows that Chinese steel products are helping stabilize the global market.The spokesman also said that much of the exported Chinese steel complements local markets and benefits the importer's economy. He noted, too, that, China is the leading importer of iron ore.