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China’s finished Steel exports down 16.6% in May

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BEIJING (Scrap Register): China’s finished steel exports fell 16.6% from a year earlier to 5.743 million tonnes in May, and were down 9.2% month-on-month, preliminary data released by the General Administration of Customs showed.

Over January-May, China’s steel exports totaled 29.093 million tonnes, up 2.5% on year, but retreating from the 8.3% year-on-year growth recorded over January-April.

Meanwhile, China’s steel imports totaled 0.982 million tonnes in May, down 13.4% year-on-year and down 1.8% month-on-month. Over January-May, imports were down 13.4% year-on-year at 4.878 million tonnes.

The country’s net steel exports stood at 4.761 million tonnes in May, down 17.2% from a year earlier and down 10.6% month-on-month, and over January-May totaled 24.215 million tonnes, up 6.37% year-on-year.

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