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Morning Bites (part 1)

🔗China’s net finished steel exports rose 29% YoY in December 2024, after the 19% YoY increase in November. Overall, the country’s net steel exports jumped 25% YoY in 2024, amid continuously soft domestic steel demand, that pushed local mills to ship more volumes overseas

Meanwhile, according to the CISA data, Chinese steel output inched down 1.3% YoY in 2024

🪨China’s coal imports jumped 11% YoY in December, decelerating from the 26% YoY growth in November. The figure was also up 14% YoY in 2024. According to Reuters, the growth was driven by a decline in global coal prices, which forced buyers to replace domestic supplies with imports

#coal #steel 
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