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Home / Metal News / [Steel Exports] China Finished Steel Exports to Fall in July

[Steel Exports] China Finished Steel Exports to Fall in July

iconJul 16, 2015 11:32
Source:SMM
Outbound shipments of China's finished steel products are expected to fall in July, Shanghai Metals Market’s ferrous branch Steelease foresees.

SHANGHAI, Jul. 16 (SMM) – Outbound shipments of China's finished steel products are expected to fall in July, Shanghai Metals Market’s ferrous branch Steelease foresees. 

The drop will be mainly due to the off-demand season of manufacturing sectors in countries in the northern hemisphere, Steelease says. 

The wait-and-see stance among overseas buyers, resulting from continuous price declines will be also blamed for the decline, Steelease adds.  

In June, China exported 8.89 million tonnes of finished steel, down 3.4% month-on-month, but up 25.7% year-on-year, according to China Customs, with Jan.-Jun. exports totaling 52.42 million tonnes, up 27.8% year-on-year. 

Imports of finished steel imports were 1.17 million tonnes during the month, up 11.4% month-on-month, and 3.5% year-on-year, according to data. 

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China finished steel exports
China finished steel imports
China steel trade
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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