Economy
June Chinese Trade Data: Mixed Bag
Written by Brett Linton
July 21, 2014
Chinese steel trade data for June 2014 was released earlier this week, providing updated data on iron ore imports, steel scrap imports, and flat rolled imports and exports. Chinese imports of iron ore in June were 74,570,000 metric tons, a decrease of 3.6 percent from the previous month but an increase of 19.7 percent from June 2013. Total iron ore imports for 2014 were adjusted to 457,160,000 tons.
June imports of steel scrap were 290,000 tons, up 27.8 percent from May but down 23.7 percent from the same month one year ago. 2014 total levels for steel scrap imports were adjusted to 1,300,000 tons.
Flat rolled imports in May were 930,000 tons, an 8.3 percent decrease from the previous month but a 1.6 percent increase over June 2013 figures. Total 2014 imports were adjusted to 6,050,000 tons. Chinese exports of flat rolled steel were 3,380,000 tons for June, down 11.4 percent from May but up 32.5 percent from June 2013. Total flat rolled exports for 2014 are at an adjusted 19,450,000 tons. (Source: China Customs Service)
SMU Note: You can view the interactive graphic below when you are logged into the website and reading the newsletter online. If you have not logged into the website in the past and need a new user name and password we can do that for you out of our office. Contact us at: info@SteelMarketUpdate.com or by calling 800-432-3475. If you need help navigating the website we would also be very happy to assist you.
{amchart id=”127″ Chinese Trade Data- China Iron Ore, Scrap, Flat Rolled Imports and Exports}
Brett Linton
Read more from Brett LintonLatest in Economy
Architecture firms struggle through April
For the third month in a row, architecture firms reported a reduction in billings through April, according to the latest Architecture Billings Index release.
House committee blocks GOP budget proposal
The budget proposal has big implications for steel and manufacturing.
Manufacturing in New York state contracts again in May
Manufacturing activity in New York state declined for the third consecutive month, according to the May Empire State Manufacturing Survey from the Federal Reserve Bank of New York. Responding firms continue to forecast weaker business conditions in the coming months.
Chicago Business Barometer falls back in April, remains in contraction
The Chicago Business Barometer declined in April, reversing March’s gains, according to Market News International (MNI) and the Institute for Supply Management (ISM).
Fewer manufacturers optimistic about the economy
PMA’s April report shows that only 16% of surveyed manufacturers anticipate an increase in economic activity in the next three months (down from 23% in March)