SHANGHAI Chinas steelmaking raw material imports mostly fell in June, although ferrous scrap bucked the trend with a 12.7-percent month-on-month gain to nearly 384,157 tonnes, according to Chinese customs data released July 22.
Buyers gradually returned to the market in late May after international scrap prices had been falling for almost three months, market participants told AMM sister publication Steel First.
Ferrous scrap arrivals from Japan, the largest supplier, fell 19.2 percent compared with May to almost 191,280 tonnes. However, those from the United States, the second-largest supplier, rose 82.2 percent to 134,709 tonnes.
Meanwhile, iron ore and coking coal imports both fell in June vs. May.
Chinese iron ore imports of 62.3 million tonnes fell 9.1 percent from a month earlier, while those of coking coal dropped 27.6 percent.
Imports of the products from North America were mixed. Canada, the 10th-largest iron ore supplier, provided 910,000 tonnes in June, up 68 percent from May. However, it shipped 14.3 percent less coking coal, at 840,000 tonnes. The United States, the fourth-largest coking coal supplier, provided 750,000 tonnes, down 7.5 percent in the same comparison.
Staff in Singapore contributed to this article.
A version of this article was first published in AMM sister publication Steel First.