Non-ferrous
PriceNewsPublicationDatabaseEventsConsultingNon-ferrous
Base metals
Minor metals
Precious metals
Scrap metals
Rare earth
News
Strong Exports Expected for Chinese Finished Steel Products in July
Jul 10,2014 14:52
CSTindustry news
Source:SMM
Strong exports are expected for Chinese finished steel products in July, Shanghai Metals Market’s ferrous branch Steelease foresees.
SHANGHAI, Jul. 10 (SMM) – Strong exports are expected for Chinese finished steel products in July, Shanghai Metals Market’s ferrous branch Steelease foresees.
Price advantages of Chinese products and high profits from exports are major reasons behind our estimation. Steel demand in China’s domestic market is weakening with the arrival of off-season for manufacturing activities. This, combined with export rebate for boron steel products, will propel domestic enterprises to increase exports for securing profits, Steelease expects.
In addition to the recovery of manufacturing activities in EU and India, manufacturing PMIs in most countries in the Northern Hemisphere remain in expansion, which will also increase demand for steel products.
China Customs showed that China exported 7.07 million tonnes of finished steel products in June, down 12.4 from May, but up 33.6% from a year ago; Imports of finished steel were 1.13 million tonnes, down 7.4% from May, but up 4.6% from 2013.
China steel trade
China finished steel exports
For queries, please contact Frank LIU at liuxiaolei@smm.cn
For more information on how to access our research reports, please email service.en@smm.cn
Related news
China Steel Exports up 23.1% in March, SMM Reports
Outbound shipments of China’s steel exports were up 23.1 percent in March, measured on a monthly basis, according to China Customs.
Apr 13, 2016 15:24CSTChina to Cut Export Taxes on Steel Billet and Pig Iron from 2016
China announced to cut export taxes on steel billet and pig iron from Jan. 1 2016, the finance ministry said on Wednesday.
Dec 10, 2015 15:13CSTChina March Finished Steel Exports down 1.3% MoM; Iron Ore Imports up
China exported 7.70 million tonnes of finished steel in March, down 1.3% month-on-month, but up 13.9% year-on-year.
Apr 15, 2015 14:42CSTChina Steel Exports Surprisingly Hit New High in January
Outbound shipments of China’s steel exports totaled 10.29 million tonnes in January, a new record high, according to China Customs.
Feb 13, 2015 15:11CSTMOST POPULAR
data analysis
China Metals Market
Back to old version
Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.
Drop us a line
service.en@smm.cn
How can we help you?
+86 021 5155-0306
Copyright © 2020 SMM Information & Technology Co, Ltd. All rights reserved.