China’s Jan-Oct steel exports slip by a further 5.8%
Nov 08, 2019 15:00
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China exported a total of 55.1 million tonnes of steel over the first ten months of this year, down 5.8% on year, according to the latest data released by China’s General Administration of Customs on November 8. The decline is steeper than the year-on-year decrease of 5% over the January-September period, Mysteel Global noted.
For October alone, steel exports totalled around 4.8 million tonnes, also down from the 5.3 million tonnes seen in September, the Customs data showed.
Steel exported in October was mainly the fulfilment of orders placed during mid- to late summer, Mysteel Global understands. “Sales in August and September were actually not