Energy Insider: China’s Steel Exports Rise 20% in May; Shanxi Coal Giant Expects 60% Rise in Production

In today’s Caixin energy news wrap: Coal mining giant in Shanxi forecasts a 60% production rise in the next five years; China’s steel exports grow 20% in May amid commodity boom; Shandong plans key energy storage projects while Baosteel invests in low-carbon project.

Steel exports rise 20% in May

China exported about 5.3 million tons of steel in May, a year-on-year increase of 19.8%, according to the General Administration of Customs. The accumulated export volume of steel from January to May reached 30.9 million tons, up 23.7% from a year ago. China imported 89.8 million tons of iron ore and iron ore concentrate in May, up 3.2%. From January to May, the cumulative volume of imported iron ore and iron ore concentrate reached 471.8 million tons, 6% more than the previous year.