In the January-March period this year, China exported 17.682 million mt of finished steel, increasing by 23.8 percent year on year, with the growth 6.1 percentage points slower than that recorded in the first two months this year, as announced by the Chinese customs authorities on April 13.
In March alone, China exported 7.542 million mt of finished steel, up 16.4 percent year on year, while the export activities met difficulties recently due to the pending tax rebate cut issue, which pushed up the export steel prices and negatively affected market players’ sentiments.