SHANGHAI Chinese exports of stainless flat products dropped in
January, falling 6.3 percent month on month to 146,206 tonnes
from 156,035 tonnes in December, according to Chinese customs
However, this was almost double the two-year low seen in
January 2012, when the country exported just 79,070
Taiwan remained Chinas largest destination for stainless
flat products, at 49,509 tonnes, down 14.9 percent month on
Stainless flat product shipments to South Korea rose 21.3
percent to 29,096 tonnes from 23,989 tonnes in December.
Chinas exports to India also rose in January to 7,569
tonnes, up 19.3 percent month on month. However, volumes to
India could soon shrink after its government in January imposed
a "safeguard duty" of 20 percent on 304-grade hot-rolled flat
stainless steel products from China.