China export quantity of steel products in May was 5,230,000 tonnes up by 12.0% from the previous month of 4,670,000 tonne and also up 9.6% from the same month last year.
It increased for 3 months in a row and it was since June, 2010 that its steel export marked the level of 5 million tonnes.
Seen from the China export quantity, price increase of steel products will be very difficult in negotiations for July shipment which have been undertaken at present. Its cumulative export quantity during January through May was 22,040,000 tonnes up by 10.1%YoY. Meantime, its export quantity of ingots and semi-finished products in May was nil.
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