Global Metals & Mining_ All-time high steel net exports from China in Oct’24, on track for _100mn tonnes in 2024
-·2024-11-10 16:41
07 Nov 2024 06:17:11 ET │ 9 pages Global Metals & Mining All-time high steel net exports from China in Oct'24, on track for >100mn tonnes in 2024 CITI'S TAKE Price differentials between China and the rest of the world typically impact import/exports with 2-3 months' lag. FY'23 net exports totaled 83mn tonnes, highest since the 2020 trough, but still 18% below the 100mn tonnes in 2015. However, net exports have picked up in '24 and Oct'24 at 10.6 mn tonnes were up 40%y/y, an all-time high. 10M'24 had 86.3mn ...