GACC: China's stainless exports, imports both slump YoY in Q1

China's stainless steel exports and imports both registered sharp on-year declines during the January-March quarter, new data from the General Administration of Customs (GACC) show.

During the first quarter, exports totaled some 802,880 tonnes, tumbling by 423,122 tonnes or 34.5% year-on-year, with March exports alone standing at 310,202 tonnes, higher by 19.3% from February but still down 34.1% from a year earlier. The March on-month increase was mainly driven by cold-rolled coil, with exports of