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Home > News > Raw Materials > Chinese finished steel exports in Q1 up by 18.8%

Chinese finished steel exports in Q1 up by 18.8%

By Unknown , 2013-04-12 12:00:00

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According to China Customs, China’s exports of finished steel products were 5.28 million tonne in March 2013, up 24.5% MoM and up 5.0% YoY. In March China’s imports of finished steel products were 1.23 million tonne up 36.7% MoM but down 3.1% YoY.

As earlier expected, China’s finished steel exports in March were up from February’s levels. Steelease understands that the increases in exports are due largely to fewer working days in February for the Chinese New Year holiday and growing demand from the manufacturing in.

In the first quarter this year, China exported 14.43 million tonne of finished steel, up 18.8% YoY, while its finished steel imports totaled 3.23 million tonne down 5.3% on YoY basis, as announced by the Chinese customs authorities on April 10th.

In March alone, China’s finished steel export and import volumes amounted to 5.28 million tonne and 1.23 million tonne respectively up 4.97% and down 3.15% YoY.

Furthermore, in March China imported 64.55 million tonne of iron ore up 2.67% YoY while in the January to March period the iron ore import volume amounted to 186.48 million tonne more or less stable compared to the corresponding period of 2012. The average import price of iron ore in March was USD 139.3 per tonne up 16.2% compared to the price recorded in January this year.

In addition, in the first quarter of the current year China’s overall external trade amounted to a value of CNY 6.12 trillion up 13.4%, while the value of the country’s import trade in this period was CNY 2.9 trillion increasing by 8.4% both YoY.


 

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