China’s steel exports hit a milestone in September 2024, rising to an eight-year high in a single month. Volumes, rose y-o-y a significant 26% to 10.15 million tonnes (mnt) against 8 mnt in September 2023 and m-o-m, by 7%
against 9.50 mnt in August 2024. Over January-September 2024 (9MCY’24) exports recorded a growth of 20% to around 81 mnt against nearly 68 mnt in the corresponding period last year, as per data collated by BigMint.However, BigMint notes, the pace picked up slightly in January-September 2024, deviating from the reigning trend of a slowed rate. For instance, volumes had increased a decent 30% over January-February but had slowed to 28% in Q1CY’24. January-April figures had chugged at a 25% increase and 23% in the first five months and 22% in H1CY’24.January-July, 2024 volumes grew 20% y-o-y and January-August, by a lower 19%.
Region-wise list of exporting countries
All above figures are rounded o. Quantity in million tonnes (mnt) | % change in year-on-year (y-o-y)
Source: BigMint
