August 28, 2008

Chinese steel exports in 4 months dips by 23.9% YoY

Mysteel.com, citing figures from the General Administration of China Customs, reported that China exported 16.17 million tonnes of steel products in January to April 2008 period, down by 23.9% YoY, while imports fell by 2.2% YoY to 5.68 million tonnes.

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

Imports of steel billet in January to April 2008 period fell by 32% YoY to 70,000 tonnes with April 2008 imports at 20,000 tonnes while exports of steel billet in the same period decreased by 96.2% YoY to 100,000 tonnes with 10,000 tonnes exported in April 2008.

China exported 4.28 million tonnes of coke in the January to April 2008period, down by 16.6% YoY, with 1.34 million tonnes shipped in April 2008. It also imported 153.49 million tonnes of iron ore, up by 15.2% YoY. It imported 42.85 million tonnes of iron ore in April 2008, up by 28.4% YoY.

(Sourced from MySteel.net)