steel export

Compared to June 2023, exports increased by 3%

In the first quarter, it amounted to 1.1 million tons per month, compared with 864 thousand tons in the previous quarter

Shipments of long rolled products decreased by 4% y/y, and flat – by 10% y/y

In June, Chinese steel companies shipped 10.1% less steel abroad than in May

In January-May 2023, the country increased steel exports by 41% y/y

In one month, Indian steelmakers shipped 502,000 tons of steel for export

Chinese exports are supported by weak domestic demand and low steel prices

In January-May, according to preliminary data, the country reduced steel exports by 33% y/y

Most of the Turkish HRC producers rely on slabs of Russian origin

India exports 3-5 million tons of rolled steel to Europe every year

An increase in exports may occur amid a decrease in demand for steel in the domestic market

In May, Chinese steel companies shipped 5.3% more steel abroad than in April