In the January-April period this year, China’s semi-finished steel exports amounted to 4.94 million mt, up 47.77 percent year on year, according to China’s customs authorities.
In April alone, China’s semi-finished steel exports totaled 1.64 million mt, up 7.31 percent month on month, while increasing by 109.03 percent year on year, signaling the strong demand for semi-finished steel in international market, according to China’s customs authorities. Meanwhile, the slack demand for finished steel in the Chinese domestic market contributed to steelmakers’ strong export momentum.