Economy

Chinese Export 4 Million Metric Tons of Flat Rolled in September
Written by Brett Linton
November 3, 2014
Chinese steel trade data was recently released for the month of September 2014, providing updated data on iron ore imports, steel scrap imports, and flat rolled imports and exports. Chinese imports of iron ore in September were 84,695,000 metric tons, an increase of 13.1 percent from the previous month and an increase of 13.6 percent from September 2013. Total iron ore imports for 2014 were adjusted to 699,073,000 tons.
September imports of steel scrap were 204,000 tons, down 2.9 percent from August and down 29.7 percent from the same month one year ago. 2014 total levels for steel scrap imports were adjusted to 1,962,000 tons.
Flat rolled imports in August were 1,144,000 tons, a 15.6 percent increase from the previous month and a 9.0 percent increase over September 2013 figures. Total 2014 imports were adjusted to 9,195,000 tons. Chinese exports of flat rolled steel were 3,996,000 tons for September, up 4.6 percent from August and up 70.8 percent from September 2013. Total flat rolled exports for 2014 are at an adjusted 31,185,000 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

CRU: The 2024 US elections – What it means for policy
The US presidential elections will take place on Nov. 5, 2024.

Dodge Momentum Index inches down in November
The Dodge Momentum Index (DMI) slipped in November due to a general decrease in slightly weaker commercial and institutional activity, according to the latest Dodge Construction Network (DCN) data.
Manufacturing sector feels squeeze in November: ISM
Activity in the US manufacturing sector contracted once again in November.

Fed Beige Book: Economic activity slows in many districts
In its Beige Book report released on Nov. 29, the Federal Reserve noted slower economic activity since October's report.
American steel firms’ fundamentals sound for 2024: Fitch
Sector fundamentals for US steel companies remain solid overall, according to ratings agency Fitch’s 2024 outlook report.