CHINA May 08 2017 2:46 PM
BEIJING (Scrap Register): China's steel exports during April was seen declined to 14 percent when compared to March and 29 percent year on year to 6.49 million tons, as per the General Administration of Customs data.
Steel exports during January-April was seen at 26 percent lower year on year to 27.21 million tons. The decline in April exports were expected as April shipments were mostly booked in February and early March, when Chinese steel mills were looking to sell more in the domestic market.
The April total was the second lowest in 2017 to date after February's 5.75 million mt. Chinese steel imports during April was seen at 1.08 million tons, which is 17 percent lower from March and 2 percent year on year.
Over January-April, imports were up 8% year on year at 4.56 million mt. China's net steel exports in April stood at 5.41 million mt, down 14% on month and down 32% year on year.
