[SMM Steel Shipping] Last week, China's total export volume was up 4% WoW

I. Domestic Trade of Steel

1. Shipment Data

Last week (2024.8.3-2024.8.9)

SMM's total steel shipments from ports nationwide were 7.072 million mt, up 723,200 mt WoW, an increase of 11%. 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 2.3313 million mt, up 439,100 mt WoW, accounting for 33% of the total shipments. The total shipments from the three major east China ports (Shanghai Port, Zhangjiagang Port, Lanbei Port) were 527,800 mt, down 12.35 mt, accounting for 7% of the total shipments. The total shipments from the two major south China ports (Zhanjiang Port, Fangchenggang Port) were 642,200 mt, up 181,300 mt, accounting for 9% of the total shipments.

2. Port Arrivals Data

Last week (2024.8.3-2024.8.9)

The total port arrivals of SMM China steel were 6.5264 million mt, up 41,300 mt WoW, an increase of 1%. Among them, the total port arrivals at 13 main ports in east China were 3.8967 million mt, down 260,200 mt, accounting for 60% of the total port arrivals. The total port arrivals at Guangzhou Port in south China were 255,200 mt, up 75,500 mt, accounting for 4% of the total port arrivals.

II. Steel Foreign Trade Shipping

1. Shipment Data

Last week (2024.8.3-2024.8.9)

Global (excluding China) port steel shipments were 1.8085 million mt, down 11% WoW. Chinese port shipments were 2.6347 million mt, up 4%.

By product type,

Last week, global port steel plate shipments were 37,400 mt, down 76% WoW. Global port steel coil shipments were 521,700 mt, up 20%. Global port pig iron shipments were 681,300 mt, down 9%. Global port steel billet shipments were 480,100 mt, up 79%.

2. Port Arrivals Data

Last week (2024.8.3-2024.8.9)

The total steel port arrivals at 119 ports in China was 41.73 mt, down 900 mt WoW, a decrease of 0.2%.