Steel Article

China steel import and export toward the off-season
14 November 2022 01:15

The weather turns cold , everyone a languidlook , site procurement also reduces a lot of demand for steel has beenshrinking . And Dongchu steel suppliers trading businessthis year , the enthusiasm was generally weak, Steel City, the turnover hasbeen feeling kind of bad to worse . Most people felt steel seasonal consumptionin the off-season is gradually coming , therefore , wait and see on the marketis a more intense atmosphere .

According to China Customs Express datashows , China 's exports of steel and iron ore imports qoq decline in bothOctober . The data show that in steel exports in October were exported 4.84million tons of steel ring decreased by 31 million tons compared with 5.15million tons in September , a decline of 0.6 % year-on-year increase of 26.7% .January-October total exports of 45.78 million tons of steel , a year - on -year increase of 11.8% . The data also showed that 10 months of imports of 1.03million tons of steel , a decrease of 170,000 tons , a decline of 14.2 % .Steel imports in January-October total of 11.55 million tons , down 12.2% ,only lasted only a month , was forced to reverse a good situation for steelexports .

We believe that the decrease in exports ofsteel impact will be concentrated on the merchant mentality, but this isrelative to the previous years, because in the previous years, see the decreasein exports of steel, the business mind may be turned pessimistic, but thisyearthe eighteen major convene let the steel trading business, they held theirbreath waiting for favorable policies, the decrease in exports of China steel also let businesses hesitation, but the mainthought of the steel trading business is still concentrated in the 18th PartyCongress, therefore, it is estimatedthe recent steel price not yet have greaterfluctuation.

However, in addition to weakening steelexport data, iron ore imports in October also fell. According to statistics, inOctober China's imports of iron ore 56.43 million tons, ring than in September,down 13.2% year-on-year increase of 12.99%, 1-October cumulative imports of 607million tons, an increase of 8.9%. From the iron ore import prices, the unitprice of imports in October was 104.9 U.S. dollars / ton, a decline of 9.5%,year-on-year decline of up to 40.2% in January-October total import price of132.3 U.S. dollars / ton, down 20.6%. Iron ore imports decline, which weexpected.

As for the demand side, the weakerdownstream demand for building materials has been more obvious, because fromthe inventories of view, as of last week, threaded stock or increase by 0.6% inthe previous week; wire by 0.5% from 1.155 million tons, the formerweek by1.1%;, we believe that this is mainly with the recent cold weather, thenorthern site stoppages phenomenon increased downstream procurement weak,causing building materials stocks soared to. But overall, the total domesticsteel stocks last week but still keep the decline in state of affairs, becausein addition to the thread, wire, other varieties of stocks have continued todecline. Hot rolled steel 3.148 million tons down 3.4%, down 2.9% in theprevious week; cold rolled steel down 1.0% from1.601 million tons, down 0.5% in the previous week; plate down 7.0% from 1.287million tons, down 2.1% in the previous week. Inventory overall downward trendsupporting the business mentality is not much fluctuation, and in steel citylight atmosphere of turnover, the recent ore, coke prices remain steady rise,the cost of supporting a strong, even for the strong need the weak, butinventory levels are still relatively low, so steel prices will continue tomaintain the original pattern difficult to have large fluctuations.

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