December 02, 2008

Chinese HRC exports to India increase by 228% in August

China’s Customs statistics from China showed that China’s hot rolled coil exports to India increased by 227.6% in August 2007, to 88,900 tonnes as compared to August 2006.

China's HRC imports to India in January to August 2007 period up by 227.7% YoY to 1.02 million tonnes. India's consumption of Chinese HRC is second only to Korea's, which rose to 508,158 tonnes in August, up by 30.9%, bringing the eight month total to 4 million tonnes, up by 43.4% YoY.

In total, China exported 1.65 million tonnes of HRC in August, up by 59.9% bringing January to August 2007 period total to 11.99 million tonnes, up by 68.6%

Its semi finished steel exports in August slipped by 69.6% YoY to 341,649 tonnes, but was up by 10.4% YoY for the January to August period at 5.59 million tonnes.

Taiwan, the third largest consumer of China's semi finished steel, showed the greatest consumption decline in August, importing 36,544 tonnes of Chinese HRC, down by 88.6% YoY bringing its total for the January to August to 840,997 tonnes, down by 41.6% YoY.