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In the first six months of the current year, China exported 33.461 million mt of finished steel, down 10.5 percent year on year. The volume still indicates a reduction compared to last year, but the pace of the decrease has slowed from 16.2 percent in the first five months of the year.

In June this year, China imported 791,000 mt of finished steel, down 36.72 percent year on year and 1.86 percent month on month.

Finished steel imports have been moving down continuously this year. In the January-June period this year, China imported 5.771 million mt of finished steel, down 21.5 percent year on year. The pace of the decline increased from 8.3 percent in the January-May period this year.