GACC: China's Jan-May steel exports jump 25% YoY

China's finished steel exports totalled 44.66 million tonnes over this year's January-May period, soaring by 24.7% from the first five months of last year, according to the latest statistics from the country's General Administration of Customs (GACC) published on June 7.

For May alone, China's steel exports rose by 4.4% on month and 15.2% on year to land at 9.63 million tonnes, the GACC data showed. China's steel shipments abroad during May were mainly fulfilling orders signed about two months earlier, Mysteel Global notes. Around March, Chinese steel products were maintaining their price advantage in international