steel export - Latest news GMK Center

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

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