China’s August long steel exports rise on yuan depreciation

China’s exports of long steel products increased month on month in August due to overseas buyers finding prices more attractive amid a depreciation of the yuan, sources told Fastmarkets on Friday September 22.

Chinese exports of wire rod totaled 485,562 tonnes in August, up by 29% from 376,536 tonnes in July, according to data released by the country's General Administration of Customs on...


Jessica Zong

September 22, 2023

04:40 GMT