China's major steel exports
Flat steel: 4.07 million tonnes, up by 5.1% year on year, down by 0.5% from March, according to China Customs data.
Steel bar: 820,000 tonnes, down by 17.9% year on year, down 18.8% month on month
Angles and sections: 310,000 tonnes, up 10.8% year on year, down 22.5% month on month
Steel wire rod: 170,000 tonnes, down 8.1% year on year, down 5.6% month on month
Flat steel attracts export orders on lower prices
Flat steel, which accounted for 64% of the total 6.32 million tonnes of exports in April, was able to maintain its year-on-year growth.
“China’s steel mills took large tonnages in export orders for April shipment in February and early March by cutting export offers,” a trader in eastern China...