The total finished steel exports of the Chinese province of Hebei in 2011 increased by 25.4 percent year on year to 5.872 million mt, worth $5.08 billion, up 48.6 percent year on year, according to the local customs authorities. The average export price of finished steel products from Hebei in 2011 was $864/mt, up 18.5 percent year on year.
In 2011, the finished steel export value from Hebei to the Asian market saw a 55.5 percent year-on-year increase to $3.3 billion, accounting for 65.1 percent of the province's total finished steel export value. Of exports to the Asian region in 2011, exports to South Korea and India totaled $910 million and $400 million in value, up 41.2 percent and 72.2 percent year on year, respectively.