Tag: China: Steel exports rise by 22% y-o-y in CY’24 amid soft domestic demand

Sluggish domestic demand pushes mills towards exports Exporters’ aggressive pricing tactics help boost volumes China’s steel exports rose 22.7% y-o-y in CY’24 to 110.71 million tonnes (mnt) against 90.26 mnt in CY’23, as per the General Administration of Customs. In December 2024, exports increased by 25.9% y-o-y to 9.72 mnt compared to 7.73 mnt in…