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CONF: China’s indirect steel exports may drop sharply


The growing demand from overseas while their inability to ramp up domestic output with the ongoing COVID-19 pandemic has led to the surge in China’s indirect steel export orders so far in 2021, but this may wane once the overseas supply chains recover with the spread of COVID-19 under control, Li Yongjun, an analyst from China Iron and Steel Association (CISA), shared at the CISA’s interim meeting with its members in Shanghai over July 29-30.
Machinery, electrical and electronics products have been the pillar in China’s exports, and by the end of June, the exports value of such products had already been back to the normal level, accounting for 59.2% of the country’s, or gaining 29.5% on year to a total of Yuan 5.83 trillion


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