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China's steel exports hit record in August

¡¡¡¡China exported a record 7.68 million tons of rolled steel in August, an increase of 6.5 % on July, or 42.78 % on the same month of last year, sources with the General Administration of Customs said on Sept.13rd.
¡¡¡¡According to the customs data, China sold abroad 41.84 million tons of rolled steel between January and August, a decline of 7.2% from the same period of last year. But the export value rose 36.7 % to USD41.9 billion.
¡¡¡¡In August the nation imported 1.33 million tons of rolled steel, down 7.64 % from July, or 9.15 % from the same month of last year. In the January-August period, steel arrivals stood at 11.06 million tons, down 4.3%.
¡¡¡¡The August net exports were 6.35 million tons, up 10.05%from July, or 62.2 % from a year earlier.
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