Economy
Chinese Iron Ore, Scrap, Flat Rolled Data through November
Written by Brett Linton
January 2, 2020
Chinese steel trade data was recently released for the month of November 2019, providing updated data on iron ore imports, scrap imports, and flat rolled imports and exports.
Chinese imports of iron ore in November totaled 90,652,000 metric tons, a decrease of 2.4 percent from the previous month, but an increase of 5.1 percent from November 2018. China’s total iron ore imports for the first 11 months of 2019 were 967,730,000 metric tons. The same period in 2018 was slightly higher at 977,891,000 tons.
Chinese imports of steel scrap in November totaled 12,000 metric tons, a jump up from October when zero scrap was imported, but down 85.0 percent over the same month one year ago. Steel scrap imports into China in the first 11 months of 2019 totaled 192,000 metric tons, down significantly compared to the 1,230,000 tons imported in the same time frame in 2018.
Flat rolled imports to China in November were 846,000 metric tons, down 3.9 percent over both the previous month and November 2018 figures. Total 2019 imports year to date were adjusted to 9,142,000 metric tons. The same period in 2018 was 10.8 percent higher at 10,250,000 tons.
Chinese exports of flat rolled steel totaled 2,680,000 metric tons for November, down 6.6 percent from October, and down 15.2 percent from November 2018. China’s flat rolled exports year to date through November totaled 35,780,000 metric tons, down slightly from 36,880,000 tons through the first 11 months of 2018. (Source: Bradford Research, Inc. & China Customs Service)
To view an interactive graphic of the Chinese trade data history on the Steel Market Update website (individual examples shown above), click 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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