Chinese steel trade data was recently released for the month of April 2016, providing updated data on iron ore imports, scrap imports, and flat rolled imports and exports. Chinese imports of iron ore in April were 83,920,000 metric tons, a decrease of 2.2 percent from the previous month but an increase of 4.6 percent from April 2015. Total iron ore imports for the first four months of 2016 are at 325,440,000 metric tons.
April Chinese imports of steel scrap were 200,000 metric tons, an increase of 5.3 percent from March, but a decrease of 33.6 percent from the same month one year ago. 2016 total levels for steel scrap imports are at 640,000 metric tons.
Flat rolled imports to China in April were 920,000 metric tons, a 14.0 percent decrease from the previous month and a 23.2 percent decrease over April 2015 figures. Total 2016 YTD imports were adjusted to 3,570,000 metric tons.
Chinese exports of flat rolled steel were 3,720,000 metric tons for April, down 12.5 percent from March and down 10.2 percent from April 2015. Total flat rolled exports for 2016 through April are at an adjusted 15,640,000 metric tons. (Source: Bradford Research, Inc. & China Customs Service)
You can view an interactive graphic of the Chinese trade data history on the Steel Market Update website here. If you need assistance with either logging in or navigating the website, please contact our office at 800-432-3475 or info@SteelMarketUpdate.com.
Brett LintonRead more from Brett Linton
Latest in Economy
Durable goods orders slip in October
New orders for manufactured durable goods fell in the US in October.
October US housing starts inch higher but remain down on-year
US housing starts crept higher for a second consecutive month in October. Starts were lower, however than the same month last year, according to the most recent data from the US Census Bureau.
NAHB: Builder Confidence Down for Multifamily and Single-Family Starts
Increasing mortgage rates have caused builders to lose confidence in the market, according to the National Association of Home Builders (NAHB).
CRU Aluminum: Geopolitics, Sustainability Goals Could Alter 2024 Trade Flows
European Aluminium, an association representing the entire European aluminum value chain, announced in a press release that it supports the European Commission's proposed 12th package of sanctions against Russia.
Dodge Momentum Index Ticks Up in October
The Dodge Momentum Index (DMI) increased in October thanks to stronger commercial activity, according to the latest Dodge Construction Network (DCN) data.