China's steel exports rose by 10.2pc on the month to 4.85mn t in December as Chinese mills leveraged sharp price gains in international markets from resurgent global steel demand. December exports increased by 3.6pc from a year earlier, according to preliminary customs data, even as exports in 2020 fell by 16.5pc to 53.68mn t. Most December steel export shipments were spot orders taken in October and November when prices in China and overseas markets trended up during recovery from Covid-19. Shanghai's hot-rolled coil (HRC) ex-warehouse prices assessed by Argus rose by 400 yuan/t ($62/t) to Yn4,230/t in 1 October-30 ... (full story)