China’s steel exports over January-October, 2024 (10MCY’24) surpassed the 90 million tonnes (mnt) seen for the entire year of 2023. Volumes spurted by around 22% to 92.10 mnt compared to 75.50 mnt seen in the corresponding period last year (CPLY), as per data maintained with BigMint. Looking at October 2024 alone, exports surged to their second-highest notch on record in a single month to 11.20 mnt. Volumes spurted 41% y-o-y against 8 mnt in October 2023, remaining just below the September 2015 level.
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