GACC: China's H1 steel exports jump 31% YoY

China's total steel exports increased by 31.3% on-year to reach 43.58 million tonnes during the first half of 2023, according to the latest data released by China's General Administration of Customs (GACC) on July 13.

For June alone, however, steel exports declined both on-month and on-year, with the tonnage reaching 7.51 million tonnes, lower by 10% from May and by a tiny 0.6% from June 2022, the Customs data showed. The larger on-month loss was attributed to the fact that overseas buyers had earlier concluded deals for May delivery