November 20, 2008

Chinese steel billet export in H1 fall

It is reported that China's steel billet export falls accumulatively from January to June though single month export and import volume keeps balance in June as 20,000 tonnes each.

China exported 20,000 tonnes of steel billets in June up by 10,000 tonnes YoY and 100% MoM. China exported 130,000 tonnes of steel billets in H1, dropping 4.24 million tonnes on the basis of the 4.37 million tonnes created in the same period last year.

China imported 20,000 tonnes of steel billets in June, neither increase nor reduce comparing with the previous time. The total imported tonnage is 100,000 tones decreasing 40,000 tonnes YoY.

According to the date, China is still the steel billet net exporter in 2008, yet the net export tonnage reduces 99.29% from 4.23 million tonnes shipped out in the first half years of 2007.