Morning Bites (part 1)

🔗China’s finished steel net exports jumped 17% YoY in April, after the 29% YoY growth in March. According to Bloomberg, persistently weak domestic steel demand is driving up exports. We remind readers that China’s strong liquidity injections in early 2024 might bolster domestic construction activity and, hence, the demand for steel later this year

🪨China’s coal imports rose 11% YoY in April, accelerating from the 1% YoY gain in March. According to Reuters, the increase in imports might reflect that domestic coal demand is picking up ahead of the peak season for electricity consumption

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