There is a strong possibility that China’s steel exports would fall in the near future as summer vacations in the United States and Europe are approaching and downstream buyers in the Asia-Pacific regions tend to stop rebuilding their inventories.

In May China exported 4.94 million tons of steel products, up 630,000 tons from April and 265.93 percent from a year earlier while importing 1.36 million tons, down 140,000 tons from the previous month and 17.58 percent year-on-year. But the surge in May exports was just a reflection of flourishing orders one or two months ago when overseas customers were in a rush to rebuild their stock before summer vocations.