Economy

Chinese Iron Ore, Scrap & Flat Rolled Imports/Exports for May 2016

Written by Brett Linton

June 23, 2016

Chinese steel trade data was recently released for the month of May 2016, providing updated data on iron ore imports, scrap imports, and flat rolled imports and exports. Chinese imports of iron ore in May were 86,750,000 metric tons, an increase of 3.4 percent from the previous month and an increase of 22.4 percent from May 2015. Total iron ore imports for the first five months of 2016 are at 412,150,000 metric tons.

May Chinese imports of steel scrap were 180,000 metric tons, a decrease of 10.0 percent from April and a decrease of 18.2 percent from the same month one year ago. 2016 total levels for steel scrap imports are at 830,000 metric tons.

Flat rolled imports to China in May were 900,000 metric tons, a 2.2 percent decrease from the previous month but a 2.2 percent increase over May 2015 figures. Total 2016 YTD imports were adjusted to 4,470,000 metric tons.

Chinese exports of flat rolled steel were 3,830,000 metric tons for May, up 3.0 percent from April but down 2.5 percent from May 2015. Total flat rolled exports for 2016 through May are at an adjusted 19,460,000 metric tons. (Source: Bradford Research, Inc. & China Customs Service)

You can view an interactive graphic of the Chinese trade data history on the Steel Market Update website here. If you need assistance with either logging in or navigating the website, please contact our office at 800-432-3475 or info@SteelMarketUpdate.com.

Brett Linton

Brett Linton is a senior analyst for Steel Market Update, where he began his career. Linton has been in the steel industry since 2010. He has held roles as a category manager and strategic insights director at Reibus before returning to SMU in 2024. He is a graduate of The University of North Georgia with a degree in Finance and Accounting. Brett can be reached at brett@steelmarketupdate.com or 724-314-0179.

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