Posted on 14 Jul 2008
China steel exports down 17.9 pct in June
China saw
a double-digit, year-on-year decline in steels export in June, which was
triggered mainly by a drastic reduction in sales to southeastern Asia, Vietnam in
particular, the General Administraton of Customs said on Sunday.
In June, China
sold 5.22 million tons of rolled steel abroad, a decrease of 6 percent from
May, or 17.9 percent from the same month of last year.
Net exports stood at 3.96 million tons, down 6.16 percent
from the previous month, or 20 precent from a year earlier.
In the first half of this year, rolled steel exports
amounted to 26.94 million tons, down 20.2 percent from the same period of last
year. The exports were valued at 25.3 billion U.S. dollars, however, up 12.9
percent year-on-year.
