It’s reported that China’s exports of steel products rebounded in November since foreign buyers have been seeking for cheap materials.

According to statistics released by Chinese customs, China’s exports of steel products in November totaled 4.2 million tons, surged by 9.9% in comparison of that in October and soared substantially by 44.3% year on year.

It’s analyzed that Chinese steel mills have rushed to finish the production ahead of the schedule in November in order to avoid the prices from dropping.

For the prospect, it’s expected that China’s exports of steel products would remain stable in this December and next January.