According to China Customs data, the semi-finished steel exports reached 259,000 mt in August, up by 0.5% on the month and more than five times higher on the year. In the first eight months, the semi-finished steel exports were 147% higher than in the same period last year at 2.192 million mt.
The total steel exports, semi-finished and finished steel combined, increased by 12.9% on the month and 37.9% higher on the year at 8.541 million mt in August.
Over January-August, China's exports of semi-finished and finished steel increased by 30.6% on the year to 60.977 million mt.
Meanwhile, the semi-finished steel imports in August increased by 72.5% on the month but still 36.7% lower on the year at 311,000 mt, data from China Customs showed.
The total imports of semi-finished and finished steel in the first eight months fell by 45.1% on the year at 6.748 million mt.
As a result, China's net exports of semi-finished and finished steel in January-August increased by 58%, or 19.839 million mt, on the year to 54.229 million mt. fastmarkets
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