China Jan-Aug steel exports to Latin American up 11% on yr

2017-09-11 14:16:00 Import & Export sxcoal.com

China exported 4.6 million tonnes of steel products to Latin America in the first eight months of 2017, growing 11% from a year ago, showed data from regional steel industry association Alacero on September 8.


The exports were composed of 4.1 million tonnes of rolled steel products and 494,000 tonnes end-user products, compared with 3.6 million tonnes of finished steel and 467,000 tonnes of end-user products in the same period of 2016.


Central America, the main buyer for China's product in the region, received 934,000 tonnes of steel products in the period, accounting for 20.43% of the region's total.


Chile and Peru respectively received 842,000 and 641,000 tonnes of steel products from the world's largest steel producer, making up of 18% and 14% of the total.


Brazil's imports posted an increase of 78% from the year prior, while Equator, Dominican Republic, Argentina and Chile separately ramped up their steel products imports from China by 62%, 52%, 32% and 23% year on year.


On the other hand, the countries that reduced their imports over year were Cuba (by 49%), Venezuela (44%), and Paraguay (14%).


China exported 3.1 million tonnes of flat steel products to Latin America during the period, representing 67% of China's total steel exports to the region. Of that total, alloyed sheet and coils made up 898,000 tonnes, followed by hot dip galvanized sheet at 765,000 tonnes.


Long steel products exports made up 18% of the total, reaching 840,000 tonnes in the period, of which 447,000 tonnes was wire rod and 315,000 tonnes was rebar.


Seamless tubes accounted for 3% of total imports with 153,000 tonnes in volume.


End-user products represented 11% of imports at 494,000 tonnes, with welded tubes comprising 408,000 tonnes and wire 85,000 tonnes.


China exported 54.47 million tonnes of steel products to the world from January to August, down 28.5% from a year ago, customs data showed.


(Writing by Alex Guo   Editing by Tammy Yang)
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