According to customs data, China exported 5.28 million mt of steel plate/sheet in March, an increase of 62% on a year on year basis. In Q1, the exports rose 48.2% year-on-year.
From January to March 2023, China's manufacturing and infrastructure investment increased by 7.0% and 8.8% year-on-year respectively, but the growth rate dropped by 1.1 percentage points and 0.2 percentage point when compared with January-February.
Fixed asset investment (excluding rural households) across China stood at 10.73 trillion yuan in Q1 2023, up 5.1% YoY, but down 0.25% on a quarterly basis.
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