Economy
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/media/k2/items/src/aa4ad4f2f7f387d6bd52d2fa8be4e6eb.jpg)
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.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/2024/04/SMU_BL_headshot-V4-150x150.png)
Brett Linton
Read more from Brett LintonLatest in Economy
Metalformers expect steady conditions in coming months
Metalformers expect economic activity to stabilize over the next three months, according to the recently released July Business Conditions Report from the Precision Metalforming Association (PMA).
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/images/Featured_News_Icons/construction.png)
Architecture Billings Index rises from 4-year low in June
The Architecture Billings Index (ABI) ticked up in June following May’s four-year low, according to the American Institute of Architects (AIA) and Deltek. While the index improved this month, it continues to indicate weak business conditions among architecture firms.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/2023/07/FedRes.png)
Beige Book: Uncertainty to continue fueling slower economic growth
Growth in the US economy continues to be constrained. The Federal Reserve’s Beige Book report for July shows more areas reporting flat or declining economic activity than in its previous report at the end of May.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/images/Featured_News_Icons/AISI.png)
AISI, AISC, University of Massachusetts get ~$6.4M EPA grant
The American Iron and Steel Institute (AISI), American Institute of Steel Construction (AISC), and the University of Massachusetts at Amherst have received a grant to enhance emissions reporting for steel construction projects.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/2023/12/empire_state_1-scaled.jpg)
Manufacturing activity in New York state continues to soften
New York state saw a continued decline in manufacturing activity in July, according to the latest Empire State Manufacturing Survey from the Federal Reserve Bank of New York.