CHINA'S NET STAINLESS STEEL EXPORTS INCREASE IN JUNE

China's Net Stainless Steel Exports Increase in June

China's Net Stainless Steel Exports Increase in June

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China's Net Stainless Steel Exports Increase in June


Overview


In June, China's General Administration of Customs released statistics on the import and export of stainless steel and key raw materials. Notably, net exports of stainless steel increased, despite a decrease in both imports and exports on a month-to-month basis. Imports of scrap stainless steel also saw a decline.

Import Statistics



  • June Imports:

    • Total stainless steel imports were 131,300 tons, down by 43,100 tons (24.72%) compared to May.

    • Year-on-year, this represents an increase of 13,200 tons (11.16%).

    • Imports from Indonesia were 108,100 tons, a decrease of 39,900 tons (26.96%) from May, but an increase of 16,800 tons (18.4%) compared to June last year.



  • January to June Imports:

    • Total imports reached 1.1078 million tons, up by 265,000 tons (31.44%) year-on-year.

    • Imports from Indonesia were 956,100 tons, an increase of 313,400 tons (48.76%).




Export Statistics



  • June Exports:

    • Stainless steel exports stood at 452,800 tons, a reduction of 4,900 tons (1.06%) from May.

    • This marks an increase of 109,500 tons (31.89%) from June last year.



  • January to June Exports:

    • Total exports amounted to 2.3648 million tons, up by 325,900 tons (15.99%) from the same period last year.




Net Export Figures



  • June Net Exports:

    • Net exports reached 321,600 tons, an increase of 38,400 tons (13.56%) from May.

    • This represents a year-on-year increase of 96,400 tons (42.80%).



  • January to June Net Exports:

    • Total net exports were 1.257 million tons, an increase of 60,900 tons (5.09%) from the same period last year.




Scrap Stainless Steel Imports



  • June Imports:

    • Scrap stainless steel imports were 6,730 tons, a decline of 3,300 tons (33.01%) from May.

    • This is a decrease of 11,300 tons (62.61%) from June last year.



  • January to June Imports:

    • Total imports of scrap stainless steel were 54,900 tons, down by 129,300 tons (70.20%) year-on-year.




In summary, while both imports and exports of stainless steel decreased in June, net exports increased, indicating a positive trend in China's stainless steel trade balance.

Teda Ganghua Metal -17 years
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