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Home / Metal News / Stainless steel exports decline 11% in Oct

Stainless steel exports decline 11% in Oct

Dec 10, 2018 14:27

Source:SMM

China’s exports of stainless steel declined 11.45% month on month to stand at 278,400 mt in Oct

SHANGHAI, Dec 10 (SMM) – China’s exports of stainless steel declined 11.45% month on month to stand at 278,400 mt in October, showed China Customs data.

In October, exports of most kinds of stainless steel products decreased while stainless strip exports increased by 16.37% from September to 18,700 mt.

Exports in January-October came in at 3.41 million mt, standing 2.79% higher than the same period last year, while exports of stainless steel plate/sheet coil went down 1.72% compared to a year ago, as Indonesia’s growing presence squeezed China’s market share.

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Stainless steel

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The China Iron and Steel Association (CISA) reported that crude steel output across major mills in China averaged 2.18 million mt per day in the last 11 days of January, down 1.87% from mid-January and up 9.22% from the same period a year ago.

Feb 22, 2021 14:00

Analysis

Daily crude steel output at CISA key mills down 1.87% in late January

Daily crude steel output at CISA key mills rose 4.6% in early December

The China Iron and Steel Association (CISA) reported Wednesday that crude steel output across major mills in China averaged 2.2 million mt per day in the first 10 days of December, up 4.6% from late November and up 11.96% from the same period a year ago.

Dec 17, 2020 15:40

Analysis

Daily crude steel output at CISA key mills rose 4.6% in early December

A summary of news in the steel industry chain

Xintian Steel Group Zhasan Iron & Steel was required to eliminate all of its capacity to comply with Tianjin’s steel industry policies following the issuance of Work Plan to Fight and Prevent Pollution in 2019 on July 3, 2018. As of September 17, 2020, Zhasan Iron & Steel has shut down completely, resulting in a daily loss of 8,000 mt of pig iron output. The mill mainly produced steel billets and had two 1,260 m³ blast furnaces and two 120 mt converters, with annual steel capacity of 3 million mt.

Sep 21, 2020 10:54

Industry

Steel prices to rise further amid a significant recovery in the manufacturing sector

Operating rates of blast furnaces (BFs) at Chinese steelmakers extended declines as decreased profits prompted steel mills to conduct maintenance.

Sep 3, 2020 13:46

SMM Insight

Steel prices to rise further amid a significant recovery in the manufacturing sector

China HRC inventories rose for 5th week as high prices and floods subdued demand

SMM data showed that HRC stocks across social warehouses and steelmakers increased 2.3% in the week ended July 23 to 3.86 million mt, smaller than a 3.72% gain in the previous week.

Jul 24, 2020 10:57

Analysis

China HRC inventories rose for 5th week as high prices and floods subdued demand

China steel rebar inventory buildup continued, prices to regain upward momentum as rainy season ends

Inventories of steel rebar across Chinese steelmakers and social warehouses continued to climb this week, as markets in central, east and south-west China have not shaken off the impact of the rainy season. But consumption in south China saw a resurgence as the wet season ends, which is strong evidence of local stepping-up construction work.

Jul 17, 2020 15:13

Analysis

China steel rebar inventory buildup continued, prices to regain upward momentum as rainy season ends

Daily crude steel output at CISA key mills in June rose 2.7% from month ago

The China Iron and Steel Association (CISA) reported Saturday that crude steel output across major mills in China averaged 2.14 million mt per day in the last 10 days of June, barely changed from the record high level seen in the middle of June.

Jul 6, 2020 13:30

Analysis

Daily crude steel output at CISA key mills in June rose 2.7% from month ago

China’s bauxite imports fell 4% in May

China imported 9.54 million mt of bauxite in May, down 3.98% from the previous month but up 3.57% from the same month of 2019, according to China customs data under HS code 26060000.

Jun 29, 2020 13:21

Analysis

China manganese production estimated to rise 42% in March

SMM estimates that China’s production of electrolytic manganese to rebound 41.89% from February to 93,000 mt in March, as the daily average supply has exceeded 3,600 mt as of March 19. The increase in supply will likely keep near-term manganese prices subdued as demand in China and overseas has not recovered considerably.

Mar 20, 2020 12:29

Analysis

China manganese production estimated to rise 42% in March

China raised export tax rebate on almost 1,500 products, including stainless steel strip and wire

China has increased export tax rebates on almost 1,500 products, including stainless steel strip and wire, to offset the fallout from the fast-spreading COVID-19 pandemic. The Ministry of Finance said on Tuesday that rebate on 1,084 products, including porcelain sanitary ware, would increase to a rate of 13% from Thursday March 20, while another 380 products would see the rebate rise to a rate of 9%.

Mar 20, 2020 10:43

Industry

China raised export tax rebate on almost 1,500 products, including stainless steel strip and wire

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Stainless steel exports decline 11% in Oct

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