China’s Steel Exports & Iron Ore Import Decline in May 2021
Steel ExportsReuters

China’s Steel Exports & Iron Ore Import Decline in May 2021

According to General Administration of Customs, China exported 5.271 million tonnes of finished steel in May 2021, down 33.9% MoM from 7.973 million

According to General Administration of Customs, China exported 5.271 million tonnes of finished steel in May 2021, down 33.9% MoM from 7.973 million tonnes in April 2021, as domestic demand was good and export sales in the March-April period for shipment in May were reduced by the expected cancelation of the export tax rebates. But steel exports from China in May 2021 were up 19.8% YoY. In the January-May period 2021, China exported 30.924 million tonnes of finished steel, increasing by 23.7% YoY. China's May steel imports fell by 5.8% YoY to 1.21 million tonne in May 2021 but rose by 2.7% from April.Finished steel imports I January-May 2021 increased by 11.6% YoY to 6.1 million tonnes. The volume does not include semi-finished steel imports

On the other hand, China imported 89.79 million tonnes of iron ore in May 2021, substantially lower than the 98.57 million tonnes in April and 102.11 million tonnes in March. In the first five months of 2021, China brought in 471.77 million tonnes of iron ore

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