Steel exports from north China port show sharp rise

Steel exports from north China port show sharp rise

According to recent reports published by the local customs office, Tianjin, a major trade port in north China, has reported nearly a two-fold increase in its foreign sales of steel for the first eleven months of the year. It is stated that the port sold 2.61 million tons of rolled steel abroad for $1.6 billion. The steel tonnage was 93% higher than the 823'000 tons recorded in the same period of the previous year. The steel exported from Tianjin port was largely shipped to the US, the Republic of Korea and the European Union. The dramatic growth in steel export is attributed to the strong expansion of domestic production and rising foreign demand.