China's December steel exports rose by 3.6pc on the year and by 15.2pc from November, Chinese customs data showed. Most December steel export shipments were spot orders taken in October and early November with mills active in switching supply to export market when domestic prices were on the downtick. Chinese domestic steel demand weakened significantly from October as tight credit polices weighed on real estate industries and construction steel consumption. The Argus Shanghai ex-warehouse prices for rebar fell by 1,120 yuan/t, or 19.2pc, to Yn4,700/t from 1 October to 15 November. The Argus Shanghai ex-warehouse ... (full story)