China’s General Administration of Customs latest data reveals that China's finished steel exports totaled 12.19M tonnes during January-February 2023, up 49% YoY, mainly due to the low base in January-February 2022 when the country exported just 8.23M tonFollowing the relaxation of COVID prevention and containment measures in China last December, the domestic steel market experienced a surge in sentiment. Despite this, the recovery rate within the home steel market proved to be slower than anticipated. As a result, Chinese steel mills have shifted their focus towards exports.Regarding steel imports, China imported 1.23M ton of finished steel products during January-February, down by 44.2% YoYChina’s General Administration of Customs latest data China began to release combined trade data for January-February in 2020 to factor out disruptions to trade caused by the Chinese New Year holiday, which either falls in January or in February each year
China’s General Administration of Customs latest data reveals that China's finished steel exports totaled 12.19M tonnes during January-February 2023, up 49% YoY, mainly due to the low base in January-February 2022 when the country exported just 8.23M tonFollowing the relaxation of COVID prevention and containment measures in China last December, the domestic steel market experienced a surge in sentiment. Despite this, the recovery rate within the home steel market proved to be slower than anticipated. As a result, Chinese steel mills have shifted their focus towards exports.Regarding steel imports, China imported 1.23M ton of finished steel products during January-February, down by 44.2% YoYChina’s General Administration of Customs latest data China began to release combined trade data for January-February in 2020 to factor out disruptions to trade caused by the Chinese New Year holiday, which either falls in January or in February each year
