MYSTEEL: Indonesia's stainless exports to China plunge 30% in July

Exports of Indonesian stainless steel products to China -- once Indonesia's largest stainless market -- slumped on month for a second straight month in July, although China remained the top buyer of the country's stainless products in the first seven months of the year.

Indonesia exported 51,400 tonnes of stainless steel to China in July, down by a significant 28.6% from a month earlier, and also lower by a sharper 48.8% compared to the year-ago level, according to new data released by the Central Agency of Statistics (Badan Pusat Statistik or BPS). During January-July