Chinese steel exports have continued last year’s northward march well into 2024. Data maintained with BigMint reveals that March 2024 volumes hit an over-seven-year high of 9.89 million tonnes (mnt). The closest this figure comes to was recorded at 10.30 mnt in July 2016. On a m-o-m basis, March volumes were up a significant 39% from 7.17 mnt in February. Y-o-y, exports were up 25% compared to 7.89 mnt seen in March 2023. Over January-March, 2024, cumulative volumes amounted to nearly 26 mnt, up 28% against 20 mnt seen in the same period last year.
