Taiwan’s iron and steel export value up 6.8% in Oct from Sept

Sunday, 13 November 2011

According to the statistics released by the Taiwan Ministry of Finance, Taiwan's iron and steel export value in October this year amounted to $1.66 billion, increasing by 6.8 percent compared to September and up 15 percent compared to the same month of 2010, while its metal product export value totaled $911.9 million, up 4.1 percent compared to the previous month and up 14.8 percent compared to the same month of 2010.

In the first 10 months of this year, Taiwan's iron and steel export value increased 20.3 percent over the same period last year amounting to $16.23 billion, while its metal product export value totaled $9.23 billion in the January-October period this year, increasing by 17.4 percent compared to the same period last year.

Meanwhile, in October Taiwan's iron and steel import value decreased by 0.6 percent compared to the previous month and was up 13.1 percent year on year to $1.14 billion, and its metal product import value came to $1.03 billion, up 12.5 percent month on month and up 0.7 percent compared to the same month last year.

Tags: Taiwan , East Asia and Pacific , Far East , Southeast Asia , trading , steelmaking , imp/exp statistics

(sourced steelorbis)

Iran’s steel export value up 64 percent in first half of Iranian year

Thursday, 13 October 2011

Iran's steel export value reached $264.4 million in the first half of the current Iranian year (March 21-September 20), up 64 percent year on year, according to the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO).

(sourced steelorbis)

South Korea’s steel export value up 40 percent in September

Thu, 06 October 2011

According to the data released by the Export and Import Division of South Korea's Ministry of Knowledge Economy, in September this year the country's trade surplus reached $1.4 billion despite unfavorable economic conditions. South Korea's trade surplus was $800 million in August this year.

The country's total export value in September rose 19.6 percent year on year, reaching $47.1 billion, while its steel exports were valued at $3.4 billion, increasing 39.6 percent compared to the same month last year.

South Korea's export value of ships in the given period fell by 32.7 percent year on year to $3.1 billion, while its automobile exports reached a value of $3.9 billion, climbing by 40 percent year on year. Furthermore, in September South Korea's general machinery exports came to $4.1 billion, with an increase of 40.2 percent compared to September 2010.

In the given period, among the major export partners of South Korea, exports to the United States and the European Union decreased slightly; nevertheless, outbound shipments to emerging countries continued their steady path of growth compared to the same period last year.

Meanwhile, in September, South Korea's imports rose 30.5 percent year on year, reaching $45.7 billion. Inbound shipments climbed due to rising demand for raw materials, while imports of coal increased by 73.4 percent year on year.

Tags: Korea S. , Far East , imp/exp statistics , steelmaking , East Asia and Pacific

(sourced steelorbis)

Taiwan iron and steel export value in July up by 12pct

Saturday, 13 Aug 2011

According to the statistics released by the Taiwan ministry of finance, Taiwan's iron and steel exports value in July this year amounted to USD 1.76 billion, increasing by 12.2% compared to June and up 31% compared to the same month of 2010, while its metal product exports value totaled USD 1 billion, up 14.75% compared to the previous month and up 21.4% compared to the same month of 2010.

Meanwhile, in July Taiwan's iron and steel imports value increased by 3.3% compared to the previous month and 8.4% YoY to USD 1.15 billion and its metal product imports value came to USD 1.03 billion down by 9.6% MoM and up by 9.4% YoY.

(sourced steelorbis)

China steelmakers to benefit from Yuan appreciation

Monday, 28 Feb 2011 By Dow Jones

Dow Jones quoted an executive with one of China largest steelmakers said Yuan appreciation will benefit Chinese steelmakers as the total value of their imports, including iron ore and coking coal is larger than the value of steel exports.

The executive said China steel exports are still small less than 10% of domestic steel output, but China's imports of raw material for steel making are large especially iron ore.

According to data from the China Iron and Steel Association, China imported 618.6 million tonnes of iron ore at an average price of USD 128.38 last year. If the yuan were to appreciate by 5% against the US dollar from average 2010 levels, Chinese steelmakers could save USD 3.97 billion.

However, the executive said global miners including Anglo-Australian Rio Tinto PLC, BHP Billiton Ltd and Brazilian miner Vale SA may raise iron ore prices if the Australian dollar and Brazilian real also appreciate against the US dollar.

Tags:steelmaking, CISA, Anglo American Plc,