Economy
Chinese Iron Ore, Scrap, Flat Rolled Data for November
Written by Brett Linton
January 5, 2018
Chinese steel trade data was recently released for the month of November 2017, providing updated data on iron ore imports, scrap imports and flat rolled imports and exports. Chinese imports of iron ore in November totaled 94,540,000 metric tons, an increase of 18.9 percent from the previous month, and an increase of 2.8 percent from November 2016. Total iron ore imports for the first 11 months of 2017 were 990,730,000 metric tons. The same period in 2016 was slightly less at 935,239,000 tons.
November Chinese imports of steel scrap totaled 180,000 metric tons, up 5.9 percent over October, but down 19.3 percent over the same month one year ago. Steel scrap imports into China in the first 11 months of 2017 totaled 2,100,000 metric tons, up from 1,911,000 through the same period in 2016.
Flat rolled imports to China in November were 950,000 metric tons, up 20.3 percent over the previous month, and up 3.9 percent over November 2016 figures. Total 2017 imports year to date were adjusted to 10,050,000 metric tons. The same period in 2016 was 11,080,000 tons.
Chinese exports of flat rolled steel were 3,090,000 metric tons for November, up 7.7 percent from October, but down 23.1 percent from November 2016. China’s total flat rolled exports for 2017 through November hit an adjusted 40,090,000 metric tons, down from 48,030,000 tons through the first 11 months of 2016. (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
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