In April, China’s finished steel exports totaled 10.462 million mt, up 0.1 percent month on month, while up 13.5 percent year on year. High crude steel production and insufficient local demand have continued to push mills to ship more abroad. Steel exports may be at a high level in May-June too, amid still strong production in April, when most contracts for shipments in May-June were done. Daily crude steel production in China was above 2.2 million mt in April versus 2.12-2.17 million mt in March.
In April, China’s finished steel imports totaled 522,000 mt, up 4.2 percent month on month, while down 21 percent year on year.
In the January-April period this year, China’s finished steel exports amounted to 37.891 million mt, up 8.2 percent year on year, according to the latest data released by China's General Administration of Customs (GACC).
In the given period, China’s finished steel imports amounted to 2.072 million mt, down 13.9 percent year on year.
China’s Vice Premier He Lifeng visited Switzerland from May 9 and his visit will last until May 12th, who will lead the trade delegations talking with the US. This might bring a turnaround in the US-China trade relations.