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Steel exports in 2022 are expected to see a slight year-on-year increase
The General Administration of Customs released China's import and export data for January 2022 on February 14. The data shows that in January 2019, China exported 6.188 million tons of steel, an increase of 632,000 tons from the previous month, representing a month-on-month increase of 11.3% and a year-on-year increase of 33.3%; steel imports totaled 1.179 million tons, an increase of 173,000 tons from the previous month, but a year-on-year decrease of 1.0%. Steel exports have seen a month-on-month rebound for two consecutive months, with a significant year-on-year increase in January, reaching a new high since July 2021.
The General Administration of Customs released China's import and export data for January 2022 on February 14. The data shows that in January 2022, China exported 6.188 million tons of steel, an increase of 630,000 tons from the previous month, a month-on-month increase of 11.3%, and a year-on-year increase of 33.3%; steel imports totaled 1.179 million tons, an increase of 173,000 tons from the previous month, and a year-on-year decrease of 1.0%. Steel exports have rebounded month-on-month for two consecutive months, with a significant year-on-year increase in January, reaching a new high since July 2021.
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