China's steel exports strong in July and up 11.4% in Jan-July as sellers change geography

on year，This volume is assessed as being on the higher side after some month-on-month slowdown seen in June. Even the dutiesannounced for Chinese Flat Steel products in Vietnam and South Korea earlier this vear have failed to reduce the total volume ofChinese steel exports. "First of al, Chinese sellers keep seling to these destinations Vietnam and South Korea, as they areexporting other sizes and specifications, not included in AD investigationsl, And mills are also increasing the share in the MiddleEast, to offset any loses in Asia," a Chinese trader said. In addition, apart from the strong finished steel exports, Chinese sellersare expanding their semis sales.
According to market sources, steel exports from China will remain strong and wilslow down from the second half of Septembermainly amid the expected local demand rebound and lower production. However, this year, most market sources believe China willrepeat or even exceed last year's volume of 110 million mt of finished steel exports.
In July, China's finished steel imports totaled 452,000 mt, down 3.8 percent month on month, while down 10.5 percent year onyear. in the first seven months this year, China's finished steel imports amounted to 3.476 milion mt, down 15.7 percent year onyear.