Market Data
December 9, 2014
Chinese Steel Exports Soar 94 Percent Year over Year
Written by Brett Linton
Based on preliminary Chinese data, total steel exports from China were 9.7 million metric tons (10.7 million net tons) for the month of November, a 14 percent increase from the previous month and a 94 percent increase from November 2013 tonnage. This brings total 2014 exports to 83.6 million tons (92.2 million net tons).
To put this into perspective for our North American readers, if China were to export 10 million net tons per month they would exceed annual U.S. total steel production by 10-15 million net tons.
