Tag: China finished steel exports
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Chinese Finished Steel Exports Decline 7% Y-o-Y in CY19 on Improved Domestic Margins
As per the latest customs data released by Chinese customs, the nation’s finished steel exports declined by 7% to 64.29 MnT in CY ’19 in comparison with 69.34 MnT in CY’ 18. Reasons behind the decline in Chinese steel exports- 1. Better margins in the domestic market- In China, domestic buying remained active as the…