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Chinese steel exports in September slow down a bit
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Thursday, 18 Oct 2007
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China's exports of finished steel products in September 2007 are reported at 4.44 million tonnes up by 9.1% YoY but down by 17.5% MoM from 5.38 million tonnes in August 2007. Exports of billet steel stabilize at 350,000 tonnes in September, basically in line with August's 340,000 tonnes. The total export of steel in September amounted to 4.79 million tonnes.

During the first 9 months, China's exports of finished steel products add up to 49.52 million tonnes up by 73.3% YoY the accumulative export figure for billet steel amounts to 5.96 million tonnes during January to September 2007 down by 2.8% YoY. The total export of steel during January to September amounted to 55.48 million tonnes.

In September 2007, imports of finished steel products are posted at 1.43 million tonnes down by 150,000 tonnes from a year earlier and imports of billet steel recorded a mere 20,000 tonnes.

During the first 9 months, imports of finished steel products are posted at 12.98 million tonnes, down by 8.2% YoY and imports of billet steel register some 190,000 tonnes down by 40% YoY.

In September 2007, imports of iron ore score 33.24 million tonnes up by 13.5% MoM over August2007. For the first 9 months, iron ore imports add up to 284 million tonnes up by 14.9% YoY.

(Sourced from MySteel.net)

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