Steel Products
July Chinese Iron Ore, Scrap, and Flat Rolled Trade Data
Written by Brett Linton
August 20, 2013
Chinese imports of iron ore in July were 73,140,000 metric tons, an increase of 17.4 percent from the previous month and an increase of 26.4 percent from July 2012. Year to date iron ore imports are at 457,230,000 MT through June.
July imports of steel scrap were 280,000 MT, down 26.3 percent from June and down 31.7 percent from the same month one year ago. Year to date levels were at 2,840,000 MT for the first seven months of the year.
Flat rolled imports in June were 970,000 MT, a 6 percent increase from the previous month and equal to imports during July of 2012. Year to date imports were at 6,810,000 MT. Exports of flat rolled steel were 2,420,000 MT for July, down 5.1 percent from June but up 23.5 percent from July 2012. Year to date flat rolled exports are at 15,770,000 MT. (Source: China Customs Service)
Brett Linton
Read more from Brett LintonLatest in Steel Products
Tariffs, ample domestic supply cause importers to shift or cancel HR import orders
Subdued demand is causing importers to cancel hot-rolled (HR) coil orders and renegotiate the terms of shipments currently enroute to the US, importers say. An executive for a large overseas mill said customers might find it difficult to justify making imports buys after US President Donald Trump doubled the 25% Section 232 tariff on imported steel […]
Drilling activity slows in the US, grows in Canada
Oil and gas drilling activity was mixed this week, according to Baker Hughes. US totals slipped for a sixth straight week, while Canada saw a slight bump in activity.
Commerce finds no Korean OCTG shipments below market value
US Department of Commerce (Commerce) review found no South Korean oil country tubular goods (OCTG) exporters or producers sold products below market value
Drilling activity slows further in US and Canada
Oil and gas drilling activity declined again this week in both the US and Canada, according to Baker Hughes.
SMU Community Chat: Zekelman calls for more support for steel consumers
“Unless the administration actually gets serious about levelling the playing field… for consumers of steel, then everything they've done on the steel side is useless."