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China’s steel exports fall 8.1% on year to 69.34 mil mt in 2018

China’s-steel-exports-fall-81-on-year-to-6934-mil-mt-in-2018-4115.jpg      China’s steel exports fall 8.1% on year to 69.34 mil mt in 2018


China’s finished steel exports reached 5.556 million mt in December, up 4.9% month on month but down 2% from the previous year, preliminary data released Monday by the General Administration of Customs showed.

Exports rebounded in December after having fallen for two consecutive months, as overseas order bookings over October and November improved in tandem with falling Chinese steel prices.

In 2018, China’s steel exports totaled 69.336 million mt, down 8.1% from 2017.

Steel imports in December were at 1.006 million mt, down 4.2% from November and by 16.2% year on year.

In 2018, steel imports were down 1% year on year at 13.166 million mt.

Net steel exports in December were at 4.55 million mt, up 7.1% month on month and 1.8% year on year. In 2018, net steel exports fell 9.6% year on year to 56.17 million mt.
Source: Platts

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