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07 Sep
10:26

China's August steel trade remains weak

Chinese steel exports kept declining in August amid sluggish overseas demand and a rebound in domestic prices. Imports rose steadily during the same period, Kallanish notes. According to data from the General Administration of Customs, China exported 6.15 million tonnes of steel in August 2022, a decrease of 518,000t from the previous month, but this increased by 21.8% year-on-year. The Chinese steel market suffered a double blow from powe…
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