China's Jan-Nov period steel exports up by 91.9%

China’s Jan-Nov period steel exports up by 91.9%

According to the data released by the China Iron and Steel Association, China exported 12.07 million tons of steel in January-November period, up by 91.9% against the figure recorded in the corresponding period of previous year. In the same period, China's imports decreased by 19.8% to 27.35 million tons. China imported 1.79 million tons of steel in November, while it exported 1.92 million tons of steel. Analysts attribute the increase in the exports to the improved quality of China-made steel products and higher international steel prices. On product base, in Jan-Nov period exports of hot rolled steel sheet, cold rolled steel sheet and color-coated steel sheet increased by 71%, 248% and 133% respectively, against the figures recorded in the same period of previous year.