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China Stainless Steel Exports to Continue Falling in August, SMM Expects
Aug 25,2017 14:00CST
smm insight
Source:SMM
China exported 360,000 tonnes of stainless steel in July, down 38,000 tonnes or 9.5% from June, customs data showed.

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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China Stainless Steel Exports
China Stainless Steel Exports july 2017

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