GACC: China's 2024 steel exports touch 9-year high

China's finished steel exports jumped by 22.7% on year to total 110.72 million tonnes in 2024, marking a nine-year high, according to the latest data released by China's General Administration of Customs (GACC) on January 13.

For December alone, the country's steel exports climbed by 25.9% on year to reach 9.73 million tonnes, according to the Customs data. China's steel industry continued to grapple with domestic oversupply and weak demand last year, while price advantages enjoyed by Chinese steel exports in international markets allowed Chinese steelmakers to