Eastern China (Shanghai):
5,500-5,510 yuan ($859-861) per tonne, down by 80-120 yuan per tonne.
The latest customs data shows that the country’s steel exports fell by a third last month in comparison with April, following the removal of export tax rebates for a range of products on May 1.
China’s finished steel exports amounted to 5.27 million tonnes in May. While this is 19.8%...