SteelOrbis Shanghai
In August, China's finished steel exports totaled 7.677 million mt, up 2.298 million mt or 42.7 percent year on year, totaling a value of $8.785 billion, up $4.836 billion or 122.5 percent compared with the same period last year. In addition, finished steel exports for the January-August period reached 41.797 million mt, down 3.284 million mt or 7.3 percent, amounting to a total value of $41.84 billion, up $11.212 billion or 36.6 percent year on year.
Meanwhile, China's finished steel imports in August totaled 1.331 million mt, down 133,000 mt or 9.1 percent year on year, totaling $2.176 billion in value, up $351 million or 19.2 percent compared with the same period last year. In addition, finished steel imports for the January-August period reached 11.026 million mt, down 524,000 mt or 4.5 percent, amounting to $15.776 billion, up $1.872 billion or 13.5 percent year on year.
In August, the country's net exports of finished steel amounted to 6.346 million mt, totaling a value of $6.609 billion. The average export price was $1,144.33/mt, up $410.27/mt or 55.9 percent year on year. The average import price was $1,634.86/mt, up $388/mt or 31.1 percent year on year. The export price was $490.53/mt or 30 percent lower than the import price, a decrease of $22.27/mt compared with $512.8/mt of the previous year. In the January-August period, net exports reached 30.771 million mt, amounting to a value of $26.064 billion.