China’s steel exports in July were at 6.64 million tonnes (mnt), a m-o-m drop of 12% against 7.52 mnt in June. Over January-July, 2022, volumes were down 7% to almost 40 mnt against 43 mnt in the same period in 2021.
Middle East & Africa region, in volume terms, showed the highest imports from China in July 2022, at 1.74 mnt. However, these were down 20% m-o-m from 2.18 mnt in June. Turkey’s imports plunged 63% amid steep production cuts.
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