Home topics news Image Credit: Pat Whelen Daily Roundup News Daily Roundup Business news and updates: China has slashed steel exports to Australia by 50% Yajush Gupta August 23, 2021 Dynamic Business brings you a daily rundown of the most recent business news and developments from Australia and around the world. Here’s the roundup for August 23: Call for regulatory crackdown before new solar rules The Clean Energy Council has called for a regulatory assault on poles and wires firms in Australia prior to the implementation of new solar household guidelines. Due to broad limits, network firms can no longer block solar homeowners from putting electricity into the grid. The Australian Energy Markets Commission has pledged that its “strong new duties” will hold network providers accountable for making the grid solar and storage-friendly. Australia boasts the world’s highest rate of solar adoption, with about one in every four Australian households having rooftop solar installed. However, Darren Gladman of the Clean Energy Council told AAP that poles and wires companies should be held accountable before construction begins. China has slashed steel exports to Australia by 50 per cent, says trend to continue Beijing boasts that it has reduced steel exports to Australia by more than 50%. And it believes that efforts to “wean” itself off Australian iron ore are just getting started. The “world’s top steel exporter,” according to Chinese government-controlled media, is adopting measures to cut output and restrict exports. According to the Global Times, this would weigh on Australia’s