China's Steel Exports Soar 21.3% in August, Setting Stage for Golden September Surge?

[SMM Steel Import and Export Report: Steel Exports Rose Significantly in August, Will the Golden September Peak Season Surpass It?]

According to data from the General Administration of Customs, China exported 9.495 million tons of steel in August 2024, an increase of 1.668 million tons or 21.3% month-on-month; from January to August, cumulative steel exports reached 70.575 million tons, up 20.6% year-on-year. In August 2024, China imported 0.509 million tons of steel, an increase of 0.004 million tons or 0.8% month-on-month; from January to August, cumulative steel imports totaled 4.631 million tons, down 8.4% year-on-year...