September Steel Exports of China Hits a Record High

Steel exports of September in China increased by 32.0% from the previous year to 11.25 million tons, it was the increase for the 22nd straight months and the highest record on monthly base. Iron and steel firms depend on exports due to continuing reduction of domestic demand including real estate and automobile in spite of the annual the biggest demand term. Outputs for steels is decreasing from the beginning of this year, but domestic demand exceeds them.