【SMM Spotlight: A Sudden Decline in Steel Export Volume from Ports: What Happened?】

On May 13th, SMM Steel reported that the total volume of steel exported from ports worldwide (excluding China) from May 4th to May 10th was 2.043 million tons, a 4% decrease from the previous week. The total volume of steel exported from Chinese ports was 1.8916 million tons, a 26% decrease from the previous week, when the number was 2.5699 million tons, which was at a high level compared to the same period in previous years. This data release caused a stir in the market, sparking speculation: Was it the recent crackdown on export fraud that led to the sudden decline in numbers? So what's the actual situation? Let's take a closer look at SMM's analysis...