China increased its exports of flat products in April

Китай увеличил экспорт плоского проката в апреле

According to the General administration of customs of China (GACC), export of flat products from China in April rose by 5.1% yoy to 4.1 million tons.

Analysts believe that Chinese exports will continue to decline, given the low global demand and high domestic prices for steel.

Annual export growth was mainly due to the fact that in February and March, Chinese metal traders seek to export steel, given their extremely high inventories and sluggish demand in the domestic market. However, market sources are pessimistic about the export market in the near future.