SHANGHAI, Jul. 10 (SMM) – Strong exports are expected for Chinese finished steel products in July, Shanghai Metals Market’s ferrous branch Steelease foresees.
Price advantages of Chinese products and high profits from exports are major reasons behind our estimation. Steel demand in China’s domestic market is weakening with the arrival of off-season for manufacturing activities. This, combined with export rebate for boron steel products, will propel domestic enterprises to increase exports for securing profits, Steelease expects.