China’s finished steel exports up 13% in April

China’s finished steel exports rose by 13% year-on-year in April on the back of an increase in orders received before the weeklong Chinese New Year holiday in mid-February.

Paragraph entered by Atlantic migration, in order for SteelFirst articles to display correctly on Metal Bulletin.

The country shipped a total of 8.54 million tonnes of finished steel overseas last month, compared with 7.54 million tonnes a year earlier, according to preliminary Chinese customs data released on Friday May 8.

The volume is also up 10.9% compared with that recorded in March.

The increase was within expectations, as exporters generally experienced relatively good sales levels in February due to restocking by overseas buyers, according to market sources.

“But I doubt whether exports could remain high in May, as overseas buying has slowed down since March amid a gloomy outlook. There are still no signs of a recovery yet,” a Shanghai-based trader told Steel First.

China shipped a total of 34.31 million tonnes of finished steel abroad in the first four months of 2015, up 32.7% from the same period last year.

Conversely, the country has imported a total of 4.43 million tonnes of finished steel over the first four months of this year, down 9.5% year-on-year, customs data shows.

What to read next
European energy analysts’ “what if” questions have turned into “what now” questions in the wake of Russia’s stalled war efforts against Ukraine
Despite the metal being classed as “strategic” in the European Union’s proposed Critical Raw Materials Act (CRMA), questions remain about the future of magnesium supply in Europe, market participants have told Fastmarkets
The publication of Fastmarkets’ assessment of the Southeast Asia copper premium for Tuesday March 28 was delayed due to a scheduling error.
Recycling is increasingly being considered the best way to reduce carbon emissions from metals production, and huge investment in recycling facilities has been seen in recent years, with robust merger and acquisitions activity
As the world moves toward a shared goal of net-zero emissions, Claire Patel-Campbell talks to Outokumpu’s head of group sustainability, excellence and reliability about the place of the energy-intensive and high emissions ferro-chrome industry in a greener economy
Energy has been at the top of the agenda for the ferro-chrome market over the last couple of years, as prices fluctuate and access to steady supplies becomes more uncertain
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.