Highlights Exports seen rebounding in Q1: sources Steel production also seen rising in Q1 Jan-Nov net finished exports up 62% on year No ‘supply-side reform’ mentioned in Politburo meeting Tough steel output cuts unlikely in near term China’s finished steel exports in November fell for the fifth straight to 4.361 million mt, reaching a 13-month low, China’s customs data showed Dec. 7.
However, steel exports are expected to rebound in the first quarter of 2022 compared with Q4 of 2021, helped by no further tightening of export policies in the near term, market participants told S&P Global Platts. November exports were down 3% on the month and were 0.9% below the year-ago levels. Over January-November, data showed China’s finished steel exports still rose 26.7%, or 13.053 million mt, on the year, to 61.875 million mt. Growth […]