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China increased its exports of steel products

According to the latest data released by the General Administration of Customs on November 7, China exported 74.73 million tons of steel products in the January-October 2023 period, a significant increase of 34.8% compared to the previous year.

China increased its exports of steel products

During this period, total export value decreased by 7.8% annually to 72.05 billion dollars. As a result, the average export price of steel products was $964.1 per ton; This figure is 31.6% lower than the previous year.

In October alone, China exported 7.94 million tons of finished steel products; This reflects significant year-on-year growth of 53.1%. However, according to the data, there was a slight decrease of 1.5% on a monthly basis.

The total value of these exports in October was 6.29 billion dollars, with a decrease of 7.1% compared to the previous year and 4.2% compared to the previous month. The average export price was calculated at $792 per ton; This represents a significant decrease of 39.4% compared to the previous year and 2.7% compared to September.

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