China's steel exports increased while imports decreased

According to statistics from the General Administration of Customs of China, China exported around 7.3 million tons of steel products in July, falling by 2.7% compared to the previous month. Steel imports during the month totaled 678,000 tons, hiking by 10.8% from the preceding month.

In the first seven months of this year, China’s steel exports amounted to 50.89 million tons, a year-on-year increase of 28%. However, steel imports during the period dropped by 32.6% year on year to 4.42 million tons.