[SMM Steel Shipping] Last week, China's total export volume decreased by 17% WoW

I. Domestic Steel Shipping

1. Shipment Data

Last week (2024.7.20-2024.7.26)

SMM's total steel shipments from national ports were 5.8392 million mt, down 443,100 mt WoW, a decrease of 7%. Among them, the total shipments from the six major northern ports (Jingtang Port, Caofeidian Port, Bayuquan Port, Tianjin New Port, Huanghua Port, Jinzhou Port) were 1.3635 million mt, down 680,600 mt WoW, accounting for 23% of the total shipments. The total shipments from the three major east China ports (Shanghai Port, Zhangjiagang Port, Lanbei Port) were 522,200 mt, up 6,860 mt, accounting for 9% of the total shipments. The total shipments from the two major south China ports (Zhanjiang Port, Fangchenggang Port) were 362,300 mt, down 4,400 mt, accounting for 6% of the total shipments.

2. Port Arrivals Data

Last week (2024.7.20-2024.7.26)

The total port arrivals of SMM China steel were 6.4193 million mt, up 430,100 mt WoW, an increase of 7%. Among them, the total port arrivals at 13 main ports in east China were 4.0035 million mt, up 288,300 mt WoW, accounting for 62% of the total port arrivals. The total port arrivals at Guangzhou Port in south China were 324,700 mt, up 115,700 mt, accounting for 5% of the total port arrivals.

II. Steel Foreign Trade Shipping

1. Shipment Data

Last week (2024.7.20-2024.7.26)

Global (excluding China) port steel shipments totaled 2.288 million mt, up 14% WoW. Chinese port shipments totaled 1.9322 million mt, down 17%.

By product type,

Last week, global port steel plate shipments were 177,500 mt, up 51% WoW. Global port steel coil shipments were 273,800 mt, down 48%. Global port pig iron shipments totaled 995,400 mt, up 91%. Global port steel billet shipments totaled 529,900 mt, up 88%.

2. Port Arrival Data

Last week (2024.7.20-2024.7.26)

Steel port arrivals at 119 Chinese ports totaled 31.86 mt, down 120,100 mt WoW, a decrease of 27%.