China exported 53.67 million tonnes of finished steel in the year 2020, falling 16.5% from the year prior, according to data from the General Administration of Customs (GAC) on January 14.
The annual exports earned $45.47 billion yuan, down 15.4% year on year. The steel products export price averaged $847.2/t in 2020.
In December, China's finished steel exports rose 10.2% from November to 4.85 million tonnes, with export value up to $4.59 billion. The December steel product price therefore averaged at $946.06/t, up 2.3% month on month.
(Writing by Rebecca Liu Editing by Tammy Yang)
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