Overseas Steel Mills Actively Purchased EMM, with Exports Increasing WoW [SMM Analysis]

[SMM Analysis: Overseas Steel Mills Actively Purchase EMM, Exports Increase MoM] According to the latest data released by the General Administration of Customs, SMM statistics show that China's exports of unwrought manganese; wrought scrap and powder were 28,655 mt in April 2025, up 23.21% MoM and down 8.24% YoY. Exports of wrought manganese and manganese products were 5,358 mt, up 147.60% MoM and down 35.53% YoY. The total exports of EMM and manganese products in April 2025 were 34,000 mt, up 33.79% MoM. The main reasons for the increase in April exports are as follows: Due to the traditional peak demand season effect of "Golden March, Silver April" for steel, overseas steel mills were still in the peak period of purchasing EMM in April, leading to a significant increase in their demand for EMM. In addition, the economic efficiency of manganese products further improved, resulting in a relatively large increase in export volume in April.