Steel import and export analysis in May
China Iron and Steel Industry Association Market Research Department
In May, China exported 9.631 million tonnes of steel, an increase of 407,000 tonnes from a year earlier, and an increase of 1.275 million tonnes year-on-year; the average unit price of exports was US$760.7 per tonne, a drop of 2.2% from a year earlier, and a drop of 17.5% year-on-year. China imported 637,000 tonnes of steel, a decrease of 21,000 tonnes from a year earlier and an increase of 0.6 million tonnes year-on-year; the average unit price of imports was US$1,651.5 per tonne, a decrease of 3.3% from a year earlier and a decrease of 4.9% year-on-year.
January - May, China exported 44.655 million tonnes of steel, up 24.7% year-on-year; the average unit price of exports was 780.2 U.S. dollars per tonne, down 29.0% year-on-year; exports of 1.163 million tonnes of billet, a year-on-year decline of 17.4%; net exports of 43.215 million tonnes of crude steel, an increase of 8.910 million tonnes year-on-year, or an increase of 26.0%. China imported 3.043 million tonnes of steel, a year-on-year decline of 2.7%; the average unit price of imports was US$1,658.3 per tonne, a year-on-year decline of 4.1%; imports of 1.109 million tonnes of billet, a year-on-year increase of 8.0%.
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