China’s steel exports to stay low in 2020 after a 7% drop in 2019

China’s finished steel exports dropped 7.3% year on year to 64.293 million mt in 2019, the lowest annual total since 2014, and an indication of robust steel demand despite higher crude steel capacity.

In December 2019, China’s steel exports dropped 15.7% year on year to 4.684 million mt, China’s customs data released Tuesday showed. On a daily basis, the export volume in December slipped by an average of…

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