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China's steel product exports increased in 2023

According to the latest data released by the General Administration of Customs, China exported 90.26 million tons of steel products in 2023, an increase of 36.2% compared to the previous year.

China's steel product exports increased in 2023

However, the value of exports decreased by 8.3% to $84.56 billion last year. This situation brought the average export price of steel products down by 32.7% annually to $936.8 per ton.

Data shows that in December alone, China exported 7.73 million tonnes of steel products, experiencing a 3.5% decline on a monthly basis, but an increase of 43.1% on an annual basis.

December exports were worth 6.37 billion dollars, with a decrease of 1.8% compared to the previous month and 13.4% on an annual basis. The average export price was calculated as 824.9 dollars per ton, with a monthly increase of 1.7% and a decrease of 39.5% annually.

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