SHANGHAI, Aug. 25 (SMM) – China exported 360,000 tonnes of stainless steel in July, down 38,000 tonnes or 9.5% from June, customs data showed.
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The decline, which is in line with forecast, was due to summer break in European market, SMM explained.
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Stainless steel exports totaled 2.39 million tonnes during January-July, up 8.3%.
In August, prices of Chinese stainless steel are higher than those from South Korea, Thailand, the Middle East, etc. Southeast Asia takes up about 40% of China’s stainless steel exports.
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