GACC: China's stainless exports slump in Oct, imports rise

China's stainless steel exports retreated significantly in October as overseas demand weakened. Last month's volume marked the year's lowest monthly level, with the exception of February when most production and logistics were suspended due to the weeklong Chinese New Year holiday.

Last month, the country's stainless exports reached 358,100 tonnes, according to new data released by the General Administration of Customs (GACC), lower by 60,400 tonnes or 14.4% compared with September and by 59,300 tonnes or 14.2% from October last year. The downturn was broad-based too, with the GACC numbers showing