SMM Express: Most China steel export prices held steady today, while prices outside China saw significant increases. In terms of China's export transactions, steel billet inquiries were moderate during the day, while flat product trading was lackluster. Markets outside China, most steel mills still expected further price raises, thus offering high ex-factory prices, with some clients remaining on the sidelines.

During the week, steel port departures from China's main ports totaled 2.4682 million mt, up 2% WoW.

Coal arrivals at Chinese ports dropped 6.3% MoM on a weekly basis to 7.6726 million mt last week.

In November 2023, China exported 8.005 million mt of steel, a month-on-month increase of 0.8%; China imported 614,000 mt of steel in November, a month-on-month decrease of 8.1%.