In the January-May period of the current year, China’s exports of steel bars totaled 2.64 million mt, down 44.3 % year on year, while wire rod exports amounted to 0.82 million mt, down 9.0% year on year.

At the same time, China’s export volumes of angles/channels came to 1.24 million mt in the given period, down 5.6 % year on year.

In May alone, China’s exports of steel bars amounted to 0.84 million mt, up 63.7 % year on year, while rising 61.5 % month on month, and exports of wire rod and angles/channels amounted to 190,000 mt and 360,000 mt, up 2.8 % and 49.0 percent year on year, while increasing by 11.8 % and 33.3 % month on month, respectively.

In May, ex-China rebar export prices decreased amid the prevailing cautious sentiments among market players due to the lockdown in Shanghai.