Weaker Chinese yuan to underpin China’s steel exports in H2

Chinese steel exports are expected to remain above 7 million tonnes per month for the remainder of 2023, due to market participants’ expectation of a persistently weak yuan against the dollar, sources told Fastmarkets on Friday August 18.

China exported 50.89 million tonnes of finished steel products in the first seven months of 2023, up by 27.9% from the same period of 2022, data from the nation’s General...


Zihuan Pan

August 18, 2023

09:48 GMT