According to Reuters, China's steel product exports in May totaled 7.76 million tons, the highest since April 2021.
Some Chinese traders increased exports to Europe to fill the gap caused by the Russia-Ukraine conflict.
"Demand for Chinese slabs, where China has imposed a 15% export duty, has been strong amid the supply gap, particularly from the Black Sea," consulting firm Rystad Energy said in a report released this week.
In the first five months of the year, exports decreased by 16.2% to 25.92 million tons.
According to customs data, steel imports reached 806,000 tons last month, while total imports amounted to 4.98 million tons in the January-May period.
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