Chinas finished steel exports totaled 5.55
million tonnes in April, up 5.1 percent from 5.28 million
tonnes in March, according to preliminary Chinese customs
"The lower export prices since
mid-February led some buyers to make more bookings," a
Shanghai-based trader told AMM sister publication
Chinas export prices for
commercial hot-rolled coil (4.5 to 12 millimeters) fell to
$585 to $590 per tonne f.o.b. March 22 from $610 to $620 per
tonne Feb. 22.
Exporters expect shipments to remain high in May based on
their transaction records, with growth reported over the past
two weeks, especially for shipments to South America.
A version of this article
was first published by AMM sister publication Steel