2020
-
12
-
07
China’s Jan-Nov steel exports down 18%, imports up 74%
Article source: MysteelChina exported a total of 48.8 million tonnes of finished steel over January-November, down 18.1% on year, while its finished steel imports surged 74.3% on year to 18.9 million tonnes over the same period, according to the latest statistics released by the country’s General Administration of Customs on December 7.The decline in China’s steel exports, however, narrowed from the 19.3% on-year drop over January-October, mainly due to higher steel exports in November, as the global demand has been recovering and the narrowing gap between China’s domestic and export prices of steel products in September, as the November deliveries were mainly booked two months before, Mysteel Global understands.In November, China’s finished steel exports approximated 4.4 million tonnes, up 9% on month but down 3.8% on year, according to the available Customs data.On the other hand, China’s steel imports fell 4% on month in November to about 1.85 million tonnes in November, or the seco...