Chinese Steel Exports in Jan-Jun 2021 Surge by 30% YoY
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Chinese Steel Exports in Jan-Jun 2021 Surge by 30% YoY

Despite Chinese government’s resolve to curb steel export in order to cool down mills' production, Chinese steel export surged in June 2020 to 6.46

Despite Chinese government’s resolve to curb steel export in order to cool down mills' production, Chinese steel export surged in June 2020 to 6.46 million tonnes up 22.5% MoM & up 75% YoY due to strong demand during the price rally in April to mid-May and competitive offers from China comparing to other origins.

China’s steel export amounted to 37.4 million tonnes in H1 of 2021, up 30.2% YoY, signalling that the total 2021 export volume is likely to exceed 65 million tonnes against 54 million tonnes in the 2020.

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