Overseas steel mills showed weak enthusiasm for purchases, and EMM exports decreased MoM [SMM Analysis]

[SMM Analysis: Overseas Steel Mills Show Weak Purchasing Enthusiasm, EMM Exports Decline MoM] According to the latest data released by the General Administration of Customs, SMM statistics indicate that China's exports of unwrought manganese; wrought scrap and powder amounted to 26,500 mt in May 2025, down 7.52% MoM and 7.84% YoY. Exports of wrought manganese and manganese products reached 2,398 mt, down 55.25% MoM and 10.22% YoY. The total exports of EMM and manganese products in May 2025 amounted to 28,900 mt, down 15.04% MoM. The main reasons for the decline in May exports are as follows: In May, domestic EMM plants exhibited strong reluctance to budge on prices, making it difficult to find low-priced supplies in the market. However, overseas acceptance of high-cost EMM was insufficient, with both inquiries and purchases remaining sluggish. Additionally, as overseas markets were in a regular off-season for purchases, the incremental demand for EMM was limited, leading to an overall decline in exports MoM.