China’s Steel Exports & Import Numbers for April 2020

China’s Steel Exports & Import Numbers for April 2020

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According to the latest statistics from General Administration of Customs, China’s steel exports in April 2020 totalled 6.32 million tonnes, almost flat from the 6.33 million tonnes shipped in April 2019. In the January-April 2020, China exported 20.60 million tonnes of finished steel, down 11.7 percent year on year. On the other hand, China imported 1.01 million tonnes of finished steel in April 2020, down 11.5 percent compared to 1.11 million tonnes in March 2020.

Overall imports amounted to 4.18 million tonnes in the January-April 2020, increasing by 7.4 percent year on year. The firm demand in the local Chinese market contributed to high China’s imports of steel in the January-April period, while imports are expected to increase further in the May-June period

According to the latest statistics from General Administration of Customs, China’s iron ore imports in April 2020 totalled 97.27 million tonnes as compared to of 85.91 million tonnes in March 2020 and 80.77 million tonnes in April 2019.

Chinese demand for ore has been fuelled by mills ramping up production on an early recovery in construction activity and expectations that more government stimulus for infrastructure will revive consumption. In the first four months of the year, China brought in 360 million tonnes of iron ore, up 5.8% from 340.21 million tonnes in the same period in 2019

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