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China’s raw material imports mixed

Keywords: Tags  Chinese customs, iron ore imports, scrap imports, coking coal imports, July

SINGAPORE — China’s iron ore and coking coal imports rose in July while that of ferrous scrap fell, according to customs data released Aug. 21.

Iron Ore

China imported 73.14 million tonnes of iron ore in July, up 17.4 percent from 62.3 million tonnes in June, as the country also continued to produce large volumes of crude steel, according to Chinese customs data.

Australia shipped 37.74 million tonnes of iron ore in July, up 8.6 percent from the same period last year, while Brazil exported 3.15 million tonnes, up 62.1 percent from a year ago.

Mexico was China’s sixth-largest iron ore supplier in July, delivering 1.39 million tonnes, a 90.4-percent increase from June.
China’s crude steel output totaled 2.11 million tonnes per day in July, slightly lower compared with June.

Estimates released by China Iron and Steel Association earlier this week showed the country’s crude steel output averaged 2.14 million tonnes per day during the first 10 days of August, up 2.7 percent from late July.

Iron ore imports in July
73.14 million tonnes
Up 17.4% month-on-month
Up 26.72% year-on-year

Top iron ore suppliers in July
(million tonnes, month-on-month change)
Australia: 37.74, 8.6%
Brazil: 13.15, 62.1%
South Africa: 4.21, 28.4%
Iran: 1.87, 6.3%
Indonesia: 1.71, 50%
Mexico: 1.39, 90.4%
Sierra Leone: 1.36, 28.3%
Canada: 1.2, 31.9%
Russia: 1.12, 14.3%
Peru: 1.04, 18.2%

Coking coal

China’s coking coal imports went up by 25 percent on a monthly basis in July as prices saw some recovery over the month.
Imports totalled 5.88 million tonnes in July, compared with 4.7 million tonnes seen in June.

Coking coal imports in July
5.9 million tonnes
Up 25% month-on-month
Up 49.7% year-on-year

Top suppliers in July
(million tonnes, month-on-month change)
Australia: 2.63, 127%
Mongolia: 0.98, 42%
Russia: 0.81, -3.6%
Canada: 0.72, -14.3%
USA: 0.52, -30.7%
Indonesia: 0.1, -68.8%

Ferrous scrap

China saw its ferrous scrap imports fall 26.5 percent month-on-month in July to 282,456.47 tonnes vs. 384,156.71 tonnes in June.
Shipments from Japan saw a slight uptick to 201,929.52 tonnes, while arrivals from the United States fell by more than 80 percent to 26,305.33 tonnes.

Major ferrous scrap buyers have been turning to Europe and Japan for their supplies, which resulted in US exports falling 11.9 percent in the six months to June to 9.91 million tonnes.

Ferrous scrap imports in July
282,456.47 tonnes
Down 26.5% month-on-month
Down 30.87% year-on-year

Top ferrous scrap suppliers in July
(tonnes, month-on-month change)
Japan: 201,929.52, 5.6%
USA: 26,305.33, -80.5%
Hong Kong: 19,355.96, 2.6%
Australia: 17,980.08, -27.9%
South Korea: 7,482.78, 21.1%

An earlier version of this article was first published on AMM sister publication Steel First.

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