Economy
Chinese Iron Ore, Scrap, Flat Rolled Data for August
Written by Brett Linton
September 26, 2017
Chinese steel trade data was recently released for the month of August 2017, providing updated data on iron ore imports, scrap imports, and flat rolled imports and exports. Chinese imports of iron ore in August were 88,660,000 metric tons, an increase of 2.8 percent from the previous month and an increase of 1.1 percent from August 2016. Total iron ore imports for the first eight months of 2017 are at 713,980,000 metric tons.
August Chinese imports of steel scrap were 140,000 metric tons, unchanged over July and down 26.3 percent over the same month one year ago. 2017 total levels for steel scrap imports are at 1,590,000 metric tons.
Flat rolled imports to China in August were 810,000 metric tons, also unchanged over the previous month and down 13.8 percent over August 2016 figures. Total 2017 YTD imports were adjusted to 7,280,000 metric tons.
Chinese exports of flat rolled steel were 4,010,000 metric tons for August, down 6.3 percent from July and down 7.6 percent from August 2016. Total flat rolled exports for 2017 through August are at an adjusted 31,140,000 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
Read more from Brett LintonLatest in Economy
Architecture billings flat in October after months of contraction
Architecture firms reported stable billings in October, according to the latest Architecture Billings Index (ABI) released by the American Institute of Architects (AIA) and Deltek. This follows 20 months of contracting business conditions.
Trump taps Lutnick to be Commerce Secretary
President-elect Donald Trump has named Wall Street veteran Howard Lutnick as the new US Secretary of Commerce.
New York state manufacturing activity ramps up to multi-year high
New York state’s manufacturing sector saw substantial recovery in November, according to the latest Empire State Manufacturing Survey from the Federal Reserve Bank of New York.
CRU: Dollar and bond yields rise, metal prices fall as Trump wins election
Donald Trump has won the US presidential election. The Republican party has re-taken control of the Senate. Votes are still being counted in many tight congressional races. But based on results so far, the Republicans seem likely to maintain control of the House of Representatives. If confirmed, this will give Trump considerable scope to pass legislation pursuing his agenda. What this means for US policy is not immediately obvious. Trump will not be inaugurated until Jan. 20. In the coming weeks and months, he will begin to assemble his cabinet, which may give a clearer signal on his policy priorities and approaches. Based on statements he made during the presidential campaign, we have set out the likely direction of his economic policy here and green policy here.
ISM: Manufacturing index fell in Oct to lowest point of ’24
Domestic manufacturing contracted for the seventh straight month in October, according to the latest report from the Institute for Supply Management (ISM). This marks the 23rd time in the last 24 months that it has been in contraction.