China's stainless steel exports & imports to continue rising in Dec
According to statistics, China’s stainless steel exports totaled around 347,000 tons in November, up by 32% compared to the previous month and also rising by 6% from the same month a year ago.
In terms of import, the volume reached 241,000 tons in November, a month-on-month increase of 37% and a year-on-year hike of 387%.
Both China’s stainless steel exports and imports increased in November, and the increase was expected to continue in December.
Before Indonesia Delong released its production capacity, the recovery of foreign demand might be more than the increase in China’s domestic demand in a later period, and the net exports of stainless might increase further, but the net exports were expected to remain at a low level in a long term.
