China’s finished steel exports fall in 2019, start to improve in Dec

Tuesday, 14 January 2020 13:47:23 (GMT+3)   |   Shanghai
       

In December last year, China exported 4.684 million mt of finished steel, down 15.8 percent year on year, though up 2.4 percent compared to the previous month, as announced by the Chinese customs authorities on January 14. Chinese exporters’ export offer prices, especially for HRC, have been more competitive in the global market due to rises announced by other major suppliers and better demand, resulting in the higher export volume in December.

In 2019, China exported 64.293 million mt of finished steel, down 7.3 percent year on year. It is expected that the export volumes will not improve in 2020, taking into account that local steel demand in China is expected to increase further by two percent in 2020, according to the latest report from the China Iron and Steel Association (CISA).

China imported 12.304 million mt of finished steel in 2019, decreasing by 6.5 percent year on year. In December alone, China imported 1.483 million mt of finished steel, up 46.8 percent year on year and rising by 42.3 percent month on month. 

 


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