According to the Chinese customs authorities,
China's finished steel product exports and imports in May this year amounted to 5.23 million mt and 1.32 million mt respectively in May. In the January-May period, the aggregate volumes of finished steel exports and imports amounted respectively to 22.04 million mt and 5.85 million mt.
Meanwhile, based on data from
China's National Bureau of Statistics, in the first five months of the current year total output of
crude steel in
China came to 296.26 million mt, including 61.23 million mt produced in May. Accordingly, apparent
crude steel consumption in
China in January-May totaled 276 million mt.