Steel Export going down!!!

According to data released by the General Administration of Customs on March 8, China’s steel exports in February were 4.512 million tons, down 335,000 tons or 6.9% year-on-year. The month-on-month decrease was 1.676 million tons, down 27.1%.

Steel exports in February were $3,463.7 million, down 17.9% year-on-year and down 31.9% month-on-month. According to this calculation, the export unit price is 767.7 usd/ton, with a month-on-month decrease of 54.2 usd/ton and a year-on-year decrease of 103.2 usd/ton.

China’s steel imports in February were 819,000 tan, down 208,000 tons or 20.3% from a year earlier. On a month-on-month basis, there was a decrease of 360,000 tan, down 30.5%.

From January to February 2019, China exported 10.7 million tons of steel, up 12.9 percent year-on-year. The total export amount was 85,508 million us dollars, up 1.1 percent year-on-year.

From January to February 2019, China imported 19.98 million tons of steel, down 9.9 percent year-on-year. The total import amount was 2388 million us dollars, down 13.2 percent year-on-year.

From January to February 2019, China imported 174.401 million tons of iron ore ore and its concentrate, down 5.5% from the same period last year.