China's exports of semi-finished steel jump 32% YoY in May

China's exports of semi-finished steel such as blooms and billets continued to race ahead in May, with the volume hitting an all-time high of 1.81 million tonnes, higher by 32.1% on year and 10.5% on month, data from China’s General Administration of Customs (GACC) showed.

During this year's first five months, China's exports of semis totaled 6.75 million tonnes, higher by 43.2% from the same period last year, according to the Customs data. The surge in exports during May was driven by two factors, a Shanghai-based ferrous analyst noted. First, the supply disruptions in Iran caused