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China Steel Exports at Seven-Month Low as Frictions Escalate

  • Cargoes in first nine months still at a record for the period
  • Export surge boosts imports of iron ore to second-highest ever
Updated on

Steel exports from China shrank for a third month to the lowest since February after governments around the world sought to dam the flow of metal from the top producing nation.

The country shipped 8.8 million metric tons in September compared with 9 million tons in August and a record 11.2 million tons a year ago, according to China’s customs on Thursday. Still, cargoes in the first nine months were up 2.4 percent on the year at 85.1 million tons, the highest ever for the period.