General Administration of Customs announced that China's steel exports in November 2020 totalled 4.4 million tonnes, up 8.9% MoM but down 3.8% YoY. China’s steel exports in January-November 2020 totaled 48.8 million tonnes, down 18.1% YoY. China's steel exports may increase further in December with higher orders for HRC and wire rod etc. Most Chinese mills have started to offer February or even March 2021 shipments.
China's steel imports in November 2020 totalled 1.9 million tonne, up 4% MoM & 78% YoY. China’s steel imports January-November 2020 totalled 18.9 million tonnes, up by 74% YoY. China's imports of finished and semi-finished steel and metallics have surged this year to meet consumer demand
China’s iron ore imports in November 2020 totalled 98.2 million tonnes, down 8.1% MoM from 106.74 million tonnes in October 2020 but up 8.3% YoY. For the first 11 months of 2020, iron ore imports stood at 1.07 billion tonnes, up 10.9% YoY beating full year imports of 1.06 billion tonnes in 2019.