narrowing Chinas steel trade surplus by 3.8% to 3.9 million metric tons.

o From April to May 2013, Chinese exports fell 3% to 5.2 million metric tons, roughly 5% below the most recent export peak in June 2010. o May 2013 steel mill exports are 5.3% above the volume in November 2012, 4.7% above May 2012 exports, and 8.6% above May 2010 exports. o Chinese imports in May 2013 were 0.6% below April 2013 imports at 1.3 million metric tons. Chinas steel imports for May 2013 are 18.3% above the volume of November 2012 imports, 3.1% below imports a year ago, and 5.1% below imports in May 2010.