steel export

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

Shipments of long rolled products decreased by 7% y/y, and flat – by 12% y/y

Complicated international factors and weak domestic demand keep Chinese steel exports high

Due to rising energy costs, steel shipments from Spain fell to the level of pandemic 2020

In monetary terms, the export of such products decreased by 13.5% m/m for the month

In one month, Indian steelmakers shipped 855,000 tons of steel for export

Shipments of flat rolled products from the EU decreased by 10% y/y, and of long products – by 22% y/y

The country is taking steps to reduce carbon emissions in industry

Lower energy prices should help steel producers

In monetary terms, the export of such products increased by 53.9% m/m

Export volumes of rolled products decreased by 50.2% y/y