China's steel exports up 3.7% in May, ignoring trade tensions

Shanghai

CHINESE steel exports rose 3.7 per cent to 9.42 million tonnes in May from the previous month, customs data showed on Wednesday, as steel mills continued to ship output abroad in sales that have raised global trade tensions.

China also boosted its iron ore imports by 3.4 per cent in May to 86.75 million tonnes from the previous month, the highest since December. Shipments climbed 9.1 per cent to 412.15 million tonnes in the first five months of the year, customs data showed.