Steel products exports are likely to remain high in June, according to commodity information provider Shanghai Metals Market (SMM).
The company claims that 30 mainstream building materials factories estimate that their exports will rise by 5% due to sluggish steel prices in China’s domestic marketplace.
In May, China exported 9.2Mmt (million metric tonnes) of steel products, up 7.73% month-on-month and 14% up year-on-year, according to the National Bureau of Statistics (NBS).
During the first five months of 2015, China exported 43.52Mt of steel products, up 28.2% year-on-year, says NBS.