Tag: China’s steel import-export price spread widens to 10-year high in 2023. What lies ahead?

The spread between steel import and export prices in China widened to a record 10-year high of $707/tonne (t) in calendar 2023 (CY’23), as per data available with BigMint. In 2023, the average price per tonne of steel exported by China was at RMB 6,569/tonne ($914/t) a y-o-y decrease of 31%, ending six consecutive years…