Morning Bites (part 1)

🔗China’s net finished steel exports rose 8% YoY in January-February, after the +29% YoY in December, amid continuously soft domestic steel demand that pushed local mills to ship more volume overseas. Meanwhile, the Chinese authorities are considering cutting local steel output in 2025, in an attempt to restore market balance and profitability at mills. Although the measure’s size was not specified, market participants expect ~50mnt to be affected (5% of China’s steel supply in 2024)

🪨China’s coal imports rose 2% YoY in January-February, decelerating from the 11% YoY growth in December. According to Reuters, the warm winter in China led to elevated stocks in early-2025, which might pressure local coal imports in coming months

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