Global News Of Note: Chinese Steel, Aluminum Exports Increase
What happens abroad impacts MSCI members in North America. Here is the latest economic, trade, and other policy news of note for the last week:
- According to the China Steel Manufacturers Association, for the first seven months of 2024, China’s steel companies increased steel exports by 21.8 percent compared to the same period in 2023. Imports fell by 6.7 percent. In July alone, Chinese steelmakers exported 7.83 million tons of steel, a 10.5 percent drop compared to June 2024. Read more here.
- According to China’s General Administration of Customs, the country’s primary aluminum imports increased 7.2 percent from June 2024 to in July 2024 and 11.4 percent from July 2023 to July 2024. For the first seven months of 2024, imports were up 124 percent over the same period during 2023. Read more here.