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China ferrous scrap imports rise, iron ore slides in Aug.

Keywords: Tags  China imports, steelmaking raw materials, ferrous scrap, iron ore, coking coal

SHANGHAI — China’s imports of steelmaking raw materials were mixed in August, with coking coal and scrap logging gains while iron ore fell, according to Chinese customs data released Sept. 24.

China’s iron ore imports totaled 69.01 million tonnes for the month, down 5.7 percent from July but up 10.6 percent year on year, even as the country’s crude steel output rose 1.2 percent in August, according to data released by the National Bureau of Statistics Sept. 10. The figure follows three consecutive months of declines.

The nation’s coking coal imports rose to 6.29 million tonnes in August, up 7 percent from July and more than double the year-ago tally as prices continued to rise. Imports from Canada, China’s second-largest supplier, rose 24.7 percent from July to 890,000 tonnes. The United States, the fifth-largest supplier, provided 830,000 tonnes, up 59.1 percent in the same comparison.

China’s ferrous scrap imports increased 18.9 percent month on month to nearly 336,000 tonnes. Imports from the United States, the second-largest supplier, surged 287.5 percent from July to nearly 102,000 tonnes.

A version of this article was first published in AMM sister publication Steel First.

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