December 02, 2008

Chinese steel exports in 4 months dip by 24% YoY

General Administration of China Customs announced that China has exported 16.17 million tonnes of steel products in the first four months of 2008 down by 23.9% YoY while imports fell by 2.2% YoY to 5.68 million tonnes.

China exported 4.78 million tonnes steel products in April 2008 down by 33.2% YoY while imports stood at 1.5 million tonnes down by 7.9% YoY.

Imports of steel billet in the first four months of 2008 fell by 32% YoY to 70,000 tones as April imports totaled 20,000 tonnes. Exports of steel billet in the same period decreased by 96.2% to 100,000 tonnes with 10,000 tonnes exported in April.