China’s flat steel exports fall sharply in May

摘要

Most major foreign buyers cut flat steel imports from China in May due to non-competitive prices, but a few buyers of rebar have signed direct supply contracts in large tonnages with Chinese mills.- Flat steel: 2.46 million tonnes, down by 27.5% year on year, down by 39.6% from April, China Customs data shows. - Steel bar: 690,000 tonnes, down by 11.5% year on year and down 15.9% month on month - Angles and sections: 200,000 tonnes, down by 40.8% year on year and down 35.5% month on month - Steel wire rod: 170,000 tonnes, down by 11.5% year on year, unchanged month on month