Economy
Chinese Iron Ore, Scrap & Flat Rolled Imports/Exports for July 2016
Written by Brett Linton
August 25, 2016
Chinese steel trade data was recently released for the month of July 2016, providing updated data on iron ore imports, scrap imports, and flat rolled imports and exports. Chinese imports of iron ore in July were 88,400,000 metric tons, an increase of 8.3 percent from the previous month and an increase of 2.7 percent from July 2015. Total iron ore imports for the first seven months of 2016 are at 582,050,000 metric tons.
July Chinese imports of steel scrap were 170,000 metric tons, a decrease of 1.2 percent from June and flat over the same month one year ago. 2016 total levels for steel scrap imports are at 1,160,000 metric tons.
Flat rolled imports to China in July were 960,000 metric tons, a 0.5 percent decrease from the previous month but a 9.1 percent increase over July 2015 figures. Total 2016 YTD imports were adjusted to 6,390,000 metric tons.
Chinese exports of flat rolled steel were 4,350,000 metric tons for July, up 4.9 percent from June and up 16.6 percent from July 2015. Total flat rolled exports for 2016 through July are at an adjusted 27,930,000 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 Linton
Read more from Brett LintonLatest in Economy
ISM: Manufacturing growth slows in July, hits 10-month low
US manufacturing activity slowed again in July to a 10-month low
CRU: Pushing EU imports back to 15% would be a big task
Several EU member states have published a ‘non-paper’ that puts forward proposals for a post-safeguard trade measure.
SMU Community Chat: Tariff-induced panic purchases, inflation, and calculating costs
Chief executive of the Institute for Supply Management (ISM), Tom Derry highlighted how reactive buying behavior has shifted the market into a quiet demand period. Derry presented ISM data during the weekly SMU community chat.
Architecture billings still sluggish despite project inquiry uptick
The Architecture Billings Index (ABI), a leading indicator for non-residential construction activity, declined for an eighth straight month in June.
Beige Book: Tariff pressures mount, flat outlook
All districts reported “experiencing modest to pronounced input cost pressures related to tariffs, especially for raw materials used in manufacturing and construction.”