Morning Bites (part 1) 

🔗China’s net finished steel exports jumped 29% YoY in March, vs. the 35% YoY increase in January-February. According to Bloomberg, China’s steel exports posted the strongest month since 2016, amid sluggish domestic demand. Meanwhile, based on CISA's data, (CISA members account for >80% of domestic output), output was down ~7% YoY in March

🪨China’s coal imports inched up 1% YoY in March, decelerating from the 23% YoY growth in January-February. According to local media, low Chinese coal prices suggest that imported coal is losing its attractiveness, while high domestic stockpiles also limit foreign shipments. Overall, in 1Q24 coal imports were up 14% YoY to 116mnt, mostly due to the strong dynamics in January-February

#coal #steel
https://metals-wire.com/news-reports