China’s Jan-Aug flat steel exports down 16.4% on year
Sep 25, 2020 17:00
China’s flat steel exports totalled 22.2 million tonnes over January-August, down 16.4% on year, according to the latest statistics from China’s General Administration of Statistics (GACC) published on September 23. Over the months while COVID-19 was raging abroad, Chinese steel mills were more focused on selling domestically when global steel demand was still on the track of recovery.
In August alone, the year-on-year drop in flat steel exports was steeper, plunging by 31.7% on year to 2.1 million tonnes, GACC’s data showed. In June, China’s domestic steel demand, especially that of flat steel, remained firm, thanks to rebound in demand from the auto and white goods industries. Most