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China’s Q1 steel exports up 24%, imports up 17%

ABSTRACT

Over January-March, China’s exports of finished steel products grew 24% on year, and steel imports increased 17% on year, according to the data released by the country’s General Administration of Customs on April 13, which were partly due to lower bases in 2020, China’s higher-priced domestic supplies, and the dampened export enthusiasm on the uncertainties over the country’s export tax rebate.
By the first quarter of 2021, China still remained as a net steel exporter with the steel sales to abroad totalling 17.7 million tonnes while imports added up to 3.7 million tonnes, Mysteel Global noted. “We had fulfilled most of the steel exports contracts that we signed over January-February no later

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