Economy
Chinese Iron Ore, Scrap & Flat Rolled Imports/Exports for February 2017
Written by Brett Linton
March 30, 2017
Chinese steel trade data was recently released for the month of February 2017, providing updated data on iron ore imports, scrap imports, and flat rolled imports and exports. Chinese imports of iron ore in February were 83,490,000 metric tons, a decrease of 9.1 percent from the previous month but an increase of 13.4 percent from February 2016. Total iron ore imports for the first two months of 2017 are at 175,340,000 metric tons.
February Chinese imports of steel scrap were 270,000 metric tons, an increase of 29.2 percent from January and up 121.3 percent over the same month one year ago. 2017 total levels for steel scrap imports are at 480,000 metric tons.
Flat rolled imports to China in February were 910,000 metric tons, down 3.0 percent from the previous month but up 19.0 percent over February 2016 figures. Total 2017 YTD imports were adjusted to 1,850,000 metric tons.
Chinese exports of flat rolled steel were 3,200,000 metric tons for February, down 18.5 percent from January and down 2.0 percent from February 2016. Total flat rolled exports for 2017 through February are at an adjusted 7,140,000 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
Second steel derivatives S232 inclusion window opens, business community voices concern
The US Department of Commerce announced that its second window for submitting applications for the inclusion of derivative steel and aluminum products in Section 232 tariffs is now open, according to the US Federal Register. September’s Inclusion Window Sept. 15 through Sept. 29, applicants can email requests for inclusions to the Defense Industrial Base Programs. The first […]
Steel Summit: ITR economist urges execs to prepare for growth, not recession
If the steel industry professionals who made it to the very final presentation of this year’s SMU Steel Summit were expecting another round of cautious forecasting, they were in for a surprise. Because what they got was a wake-up call.
ISM: Manufacturing growth remained down in August
US manufacturing activity remained muted in August despite a marginal gain from July's recent low, according to supply executives contributing to the Institute for Supply Management (ISM)’s latest report.
Steel Summit: Dr. Basu blames tariffs for riskier path ahead
Steel executives packed the main conference hall of the 2025 SMU Steel Summit on Tuesday, Aug. 26, to hear economist Dr. Anirban Basu lay out his blunt view of tariffs, inflation, and demand.
Steel Summit: Schneider sees SDI ‘on the edge of a very good run’
Steel Dynamics Inc. (SDI) President and Chief Operating Officer, Barry Schneider, remains bullish about the Fort Wayne, Ind.-based steelmaker’s position in the current market.