Data from the General Administration of Customs showed that China's finished steel exports increased 2.35% year-on-year to 6.476 million tonnes in March 2020, the highest since July 2018 as Chinese steel mills stepped up efforts to boost exports in March and also in April to ease domestic supply pressure.
Exports rebounded in March after falling 27% year-on-year in January-February. Exports in the first quarter were still 16% lower compared to the same period last year and amounted to 14.286 million tons. Exports of finished steel to China are expected to decline sharply in May-June, despite a rebound in March due to a rebound in domestic demand but weak export demand due to the coronavirus pandemic. Moreover, Chinese steel exporters have lost their competitive advantage over other countries such as Russia, Japan and South Korea, which have lowered their export prices.
On the other hand, China's steel imports rose 26.5% YoY to 1.137 million tonnes in March. In the first quarter, imports rose 9.7% to 3.178 million tonnes. Steel imports are likely to continue to rise during the second quarter
+38 (098) 875-40-48
|
|
|
Subscribe to news 
Metallurgy news
- Today
08:00 - 30 June 2025
19:00 Main metric capitalization: 577M (a year ago was 3 times more) 18:00 In 2025, China, the world leader in the production of alumina, increased its export to Russia by 16% to the level of 2024. In May, Russia purchased a record 183 thousand 12:00 Evraz received the OFSI license to sell the North American business 11:00 The program "Factory of Ideas" celebrated the 13th anniversary 10:00 "Sword" - salvation of drowning 10:00 However, while reducing coal production in the Russian market continues, the ruble will weaken and the key interest rate will decrease further. 08:00 The cost of electricity for industrial companies from July 1 will increase by more than 20% due to increased sales allowance
Publications
29.06 Cast iron baths in the Sanok online store 29.06 Caddy battery - the heart of the van that does not tolerate compromises 27.06 Electricity in climatic design 24.06 Asseline reinforcement: why is it necessary and how it is performed 24.06 Is the refueling of the confectionerer: Chim is not incurred to Neschi Freona?
