This was reported by the Chinese Association of Steel Manufacturers (CISA)
In August, Chinese manufacturers exported 9.51 million tons of steel, which is 3.3% less compared to the previous month. The average price was 698/t (-0.6% m./m.). From the beginning of the year, products abroad have remained surprisingly stable, despite the tightening of anti-dumping measures from the key markets, including Vietnam and South Korea.
Import of steel on the Chinese market in January-August amounted to 3.98 million tons, which is 14.1% less than the g. mm.). The average price was 1.85 thousand/t, which is 2.5% higher than the previous month.
Import of Zhelruda in China in 8 months amounted to 801.62 million tons, which is 1.6% less compared to the same period of 2024. The rate of decline slowed down from 2.3% in January-July. In August, the indicator grew by 0.6%/m. and by 3.8% g/g. -up to 105.23 million tons. The average price was at 92.7/t (1.4% m./m).
last month, the supply of raw materials increased due to attractive prices in June-August and the preparation of metallurgical enterprises for the seasonal peak of demand for steel in September. In general, the country for the third month in a row holds the purchase of ore at a level above 100 million tons.
The key factor was the reduction in prices in the II quarter, when the average cost was lowered below the psychological mark of 100/t. This stimulated the stable interest of buyers and ensured the increase in deliveries during the summer. An important role was also played by the high production of cast iron, which remained at a level of over 2 million tons per day.
