China's steel sheet/plate exports totaled 38.26 million mt in the January-July period this year, down 9.9 percent year on year, 1.3 percentage points slower than the decline recorded in the first six months this year, according to the Chinese customs authorities.
In July alone, China's steel sheet/plate exports amounted to 6.02 million mt, down 1.8 percent year on year, while down 1.15 percent month on month.
The demand for steel plates and sheets, which are primarily consumed by the automotive, home appliance and machinery manufacturing industries, has been weighed down by the weakening global manufacturing cycle and escalating trade restrictions, which resulted in the year-on-year decline of 9.9 percent in China's steel sheet/plate exports in the first seven months.
