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Chinese steel exports in 5 months jump up by 33.6% Yoy

According to data issued by the Chinese customs authorities on June 8, China exported 8.07 million tonnes of finished steel in May this year up 7.03% MoM while it exported 33.94 million tonnes of finished steel in the January to May period of the year, rising by 33.6% Yoy.

In May, China imported 1.22 million tonnes of finished steel, decreasing by 6.15% MoM while its finished steel imports in the January to May period amounted to 6.11 million tonnes up 6.4% YoY.

China imported 77.38 million tonnes of iron ore in May, declining by 7.21% MoM while it imported 382.66 million tonnes of iron ore in the first 5 months of the year, up 19% on Yoy basis.

In May this year, China exported 1 million tonnes of metallurgical coke, up 112.8% MoM while it exported 3.41 million tonnes of coke in the first 5 months, increasing by 250.1% YoY.

Source – Strategic Research Institute, Steel Guru

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