China's steel exports soar through first 9 months

China’s steel exports soar through first 9 months

China's Customs General Administration indicated that the country's finished steel product exports skyrocketed during the first nine months of 2005. China's exports of finished steel products jumped 83 percent year on year to 15.8 million tons through September. In the other direction, China's imports of finished steel products slipped 16.4 percent year on year to 20 million tons. In terms of raw materials, China imported 20 million tons of iron ore through the same period, up 31.7 percent. Coal imports increased 44.6% year on year to 18.49 million tons.