Iron ore inventories dip in China

Thursday, 15 Dec 2011

Xinhua quoted according to the Xinhua-China Iron Ore Price Index released on Tuesday that inventories of iron ore at 25 major Chinese ports dipped 0.75% WoW to 99.6 million tons in the week ending on December 12.

According to the index it was the first time in a month for iron ore supplies to fall below 100 million tonnes with last week inventories down by 750,000 tonnes. The price index for 63.5% grade imported iron ore dropped 1.36% to 145 points in the week while 58% purity iron ore imports remained unchanged at 119 points.

According to Xinhua analysts a decline in crude steel output dampened buying enthusiasm among most steel manufacturers and iron ore traders, who are still waiting to make a move in light of possible price fluctuations in the future.

According to customs data, China steel exports stood at 45.16 million tonnes between January and November up by 13.8%YoY while steel imports fell 4.2%YoY to 14.39 million tonnes.

Currently, China domestic iron ore is cheaper than imports, putting Chinese steelmakers in a position to limit their purchases of raw materials particularly from overseas.

(Sourced from Xinhua)

China steel product export and import data

Thursday, 11 Aug 2011

According to the General Administration of Customs, China export of finished steel products rose slightly to 4.44 million tonnes in July 2011 up by 3.5% or by 0.15 million tonnes from 4.29 million tonnes in June 2011.

According to the statement the nation imports of iron ore rebounded to 54.55 million tonnes in Jul 2011 up by 6.8% or by 3.46 million tonnes from 51.09 million tonnes in June 2011.

Export

Products	Jul'11	Jan-Jul'11	Jan-Jul'10	Change
Coal	0.91	9.66	11.53	-16.2
Coke & Semi-coke	0.18	2.63	1.98	32.5
Semi Steels	0.00	0.00	0.12	-96.1
Finished Steel Products	4.44	28.77	28.12	2.3

In million tonnes

Import

Products	Jul'11	Jan-Jul'11	Jan-Jul'10	Change
Iron Ore	54.55	388.63	360.29	7.9
Semi Steels	0.04	0.32	0.31	3.6
Finished Steel Products	1.24	9.27	9.83	-5.7

In million tonnes

(Sourced from MySteel.net)

China steel product export to different countries

Friday, 28 Jan 2011
It is reported that China country wise steel product export in 2010 total 42,448,880 tonnes which South Korea topping the table

Country	Dec'10	2010	Share
Total	2,839,653	42,448,880
South Korea	621,574	8,435,661	19.98
India	154,784	3,375,084	7.99
Viet Nam	147,413	2,419,488	5.73
Brazil	84,280	1,717,227	4.07
Italy	93,125	1,310,412	3.10
Thailand	99,486	1,288,141	3.05
Philippines	72,996	1,158,088	2.74
Singapore	66,304	1,047,288	2.48
US	76,583	1,013,085	2.40
Indonesia	80,799	984,106	2.33
UAE	67,708	971,714	2.30
Hong Kong	43,294	951,744	2.25
Taiwan Region	55,063	912,674	2.16
Malaysia	59,444	886,914	2.10
Saudi Arabia	75,968	815,906	1.93
Japan	36,827	807,514	1.91
Russian Federation	42,329	794,388	1.88
Australia	73,347	766,280	1.81
Belgium	39,744	749,010	1.77
Chile	22,412	707,535	1.68
Spain	66,125	617,691	1.46
Iran	41,329	562,100	1.33
Peru	31,149	556,044	1.32
Canada	44,996	454,441	1.08
Turkey	15,198	428,567	1.01
Pakistan	23,107	417,976	0.99
Nigeria	22,396	390,212	0.92
Burma	32,579	390,062	0.92
Kuwait	38,223	328,883	0.78
UK	12,194	317,367	0.75
Colombia	19,663	297,404	0.70
Algeria	17,976	271,574	0.64
Iraq	33,382	240,280	0.57
Angola	14,464	237,425	0.56
Kazakhstan	17,827	224,544	0.53
Egypt	17,921	222,320	0.53
Bengal	15,039	221,041	0.52
South Africa	15,977	210,850	0.50
Israel	10,668	208,418	0.49
Venezuela	16,080	207,746	0.49
Sudan	9,584	192,392	0.46
Ecuador	9,759	181,272	0.43
Portugal	5,967	181,123	0.43
Mexico	18,914	177,023	0.42
Oman	2,597	168,955	0.40
Holland	8,656	159,747	0.38
Libya	10,221	152,572	0.36
Syria	3,790	118,971	0.28
Germany	12,714	118,082	0.28
Uzbekistan	9,294	109,282	0.26
Panama	14,086	98,975	0.23
Poland	5,335	97,337	0.23
Cuba	7,314	96,425	0.23
Jordan	8,064	93,729	0.22
North Korea	5,365	92,485	0.22
Turkmenistan	5,957	88,657	0.21
Greece	3,887	84,485	0.20
Ethiopia	7,208	82,799	0.20
Others	171,137	2,237,336	5.30

In tonne (Sourced from MySteel.net)

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