Tag: SteelMint Morning Brief
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Why are China’s steel exports slowing down?
China’s Customs data shows cumulative steel exports in the first seven months of CY’21 was at 43.051 million tonnes (mnt), up 30.9% y-o-y. During this period, the cumulative imports of steel were at 8.397 mn t, down 15.6% y-o-y. In Jul’21, the average import price for steel was $1,348.9/tonne (t), up 4.84% m-o-m, up 103.48%…