Oct 27, 2022 03:25 AM

China Steel Exports Plunge for Fourth Straight Month

A steel mill in Liuzhou, Guangxi.
A steel mill in Liuzhou, Guangxi.

Chinese steel exports fell four months in a row amid weakening global demand, another signal of the world economy’s precarious situation amid rising inflation and a global energy crunch.

In September, China exported 4.984 million tons of steel, down 19% from August and up only 1.3% year-on-year. It was the lowest monthly export total since May, according to China Customs data. For the first nine months, China exported 51.2 million tons of steel, down 3.4% year-on-year. China’s steel exports fell sharply early in the year because of Russia’s invasion of Ukraine but started to pick up in May.

You've accessed an article available only to subscribers
Share this article
Open WeChat and scan the QR code
Get our CX Daily, weekly Must-Read and China Green Bulletin newsletters delivered free to your inbox, bringing you China's top headlines.

We ‘ve added you to our subscriber list.

Manage subscription