Exports at 4.9 mil mt, down from estimated 6 mil-7 mil mt Logistics hurdles to weigh on buyers’ enthusiasm China’s finished steel exports rose 0.7% on the month to 4.977 million mt in April, China customs data showed May 9, falling short of market expectations as the COVID-19 resurgence hits logistics at major ports. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Exports in May are unlikely to improve significantly as shipment delays have continued this month, sources said. Despite slightly rising from March, April exports were still 37.6% lower on the year. In the first four months of 2022, China shipped 18.156 million mt of finished steel, 29.2% lower on the year. Given strong overseas orders received in late-February and March, April’s finished steel exports could have reached at least 6 million-7 million mt, but port logjams due to the outbreaks chipped away […]