- China’s steel imports fell by 3% m-o-m to 630,000 t in May’24 as against 650,000 t in the previous month, according to General Administration of Customs data.
- Preference for exports amid weak end-user demand and subdued finished steel sentiments in the region weighed on imports.
- Meanwhile, import volumes fell by 3% y-o-y to 3.04 mnt compared to 3.12 mnt in the same period last year.
