imports of ferrous scrap during October plunged to their lowest
level since February 2011, while other steelmaking raw
materials saw mixed results, according to Chinese customs
China imported 271,451 tonnes of
ferrous scrap in October, down 8.9 percent from September and
51.6 percent lower year on year.
Imports from Japan fell 8.3
percent month on month. Meanwhile, material shipped from the
United States, the second-largest supplier to China in October,
rose more than fivefold.
Import results for other raw
materials were mixed, with iron ore imports of 56.4 million
tonnes in October falling 13.2 percent month on month but
rising 13.2 percent year on year.
Arrivals from Australia, the largest supplier,
fell 20.8 percent month on month, while those from Brazil rose
6.6 percent. Imports from third-largest supplier South Africa
fell 16.7 percent from September levels. India, which used to
be among the top three suppliers to China, fell out of the
top-10 list, shipping only 268,754 tonnes to the Asian giant
during the month, down 65.9 percent from September.
Coking coal imports totaled 3.6
million tonnes in October, up 49 percent month on month but
down 12.9 percent year on year.
Market participants increased
bookings since late September as the steel market rebounded,
but the total volume is still low, an industry analyst in
Beijing told AMM sister publication Steel
Arrivals from Mongolia increased 29.2 percent month on
month, those from Australia more than doubled and inflow from
Russia surged 89.2 percent.
A version of this article was first
published by AMM sister publication Steel