GACC: China's stainless exports reach year's high in September

China's stainless steel exports reached 454,577 tonnes in September, the highest monthly level so far this year. The total was higher by 8,914 tonnes, or 2% from August, and up 36,250 tonnes, or 8.7%, year on year, according to new data from the country's General Administration of Customs (GACC).

The September rebound, however, contrasts with the weaker year-to-date trend, with cumulative exports for January-September down 11.4% year on year. Among key destinations, exports to India – the top buyer of Chinese stainless steel last month – totaled 65,067 tonnes, down 6,778 tonnes, or 9.4%, from August. However, this volume