China's major steel product exports drop sharply in June

The export of China’s four major steel products all decreased in June on both a year-on-year and month-on-month basis due to less competitive prices, Fastmarkets understands.

China's major steel exports
Flat steel: 2.20 million tonnes, down by 31.1% year on year, down by 10.6% from May, China Customs data shows.
Steel bar: 400,000 tonnes, down by 42.3% year on year and down 29% month on month
Angles and sections: 180,000 tonnes, down by 38.2% year on year and down 10% month on month
Steel wire rod: 160,000 tonnes, down by 7.8% year on year and down 5.9% month on month
The recovery in China’s domestic demand since the Covid-19 lockdown measures ended in March as well as unattractive overseas prices contributed to the decline in hot-rolled coil exports.

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Jessica Zong

July 31, 2020

10:42 GMT