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07 Jun

China’s May steel exports hit 80-month high

China’s cross-border trading volume of finished steel hiked on-month in May, with exports even touching their highest level since September 2016, according to the General Administration of Customs. China exported 8.356 million tonnes of finished steel in May, up 5.3% on-month and 7.7% on-year, Kallanish notes. Considering the 6-8-week interval between contract signing and shipping date, the growth is actually due to the opportunity seized by Chinese products…
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