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Home / Metal News / Strong Exports Expected in China Steel Products in October, Says Steelease

Strong Exports Expected in China Steel Products in October, Says Steelease

iconOct 17, 2014 10:10
Outbound shipments of Chinese steel products are expected to be strong in October, Shanghai Metals Market’s ferrous branch Steelease foresees.

SHANGHAI, Oct. 17 (SMM) – Outbound shipments of Chinese finished steel products are expected to be strong in October, Shanghai Metals Market’s ferrous branch Steelease foresees. 

Growing demand in major destinations and export profits are two major driving factors for robust exports in October, Steelease understands. 

Manufacturing PMIs for September in EU and India – China’s major steel export destinations – were 50.3 and 51, respectively, indicating the expansion in manufacturing activities, which will increase demand for steel products.  
 
In September, China exported 8.52 million tonnes of finished steel, up 9.8% month-on-month and 73.2% year-on-year, China Customs data showed. 
 
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China steel trade
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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