Copying and distributing are prohibited without permission of the publisher

China finished steel exports hit 12-month low in Feb

March 10, 2010 - 06:51 GMT Location: Shanghai

KEYWORDS: china , steel , export , import , february

China's finished steel exports fell a further 14% from January to hit a 12-month low in February, according to preliminary customs data.

"Those deliveries for February were booked in late December and early January when Chinese domestic steel prices saw a remarkable increase from low levels in early October," said a trader in eastern China. Finished steel exports dropped to 2.49 million tonnes...

All material subject to strictly enforced copyright laws. © Euromoney Institutional Investor PLC.

Please log in using your online subscriber details.
Your username will be your registered email address with Metal Bulletin.

If you aren't a subscriber yet, feel free to take a seven day free trial, or subscribe using the instructions below.

A standard subscription include one year's worth of news and prices. You can also upgrade to the full archive and benefit from more than 13 years of intelligence. Start your subscription today.

Free trial

Taking a free trial will give you open access to Metal Bulletin online news, prices, archived content and email alert service for the next seven days. Start your free trial today.

Free trial

Already have an account?

Carbon Steel Long Products

May 21, 2012 10:35 CHINA STEEL WRAP: Price drops expected as Shagang makes cuts
May 21, 2012 10:31 Malaysia’s rebar prices stay flat on dull demand
May 21, 2012 10:20 Tokyo Steel holds prices steady for a second month
May 21, 2012 02:00 ThyssenKrupp Energostal installs deburring unit at logistics centre
May 18, 2012 17:10 LME BILLET REPORT: Official three-month prices hold steady

Carbon Steel Flat Products

May 21, 2012 10:07 China CRC export prices slide further on weak demand
May 21, 2012 09:51 Nippon Steel expects 7.6-7.7mn tonnes output in Q2
May 21, 2012 09:45 Krakatau Steel keeps HRC prices flat in June
May 21, 2012 09:43 Coil stocks high on lack of state demand, Russian domestic traders say
May 21, 2012 08:56 'Little interest' in Latin America for ThyssenKrupp slab plant

Comment & analysis

COMMENT: When super-cycle poster child BHP Billiton trims its plans...

BHP Billiton is one of the poster children for the commodities super-cycle: a mining company whose immense upstream assets in copper and iron ore have fed the industrialisation of China since the early years of the 21st century and enabled it to return $52 billion to shareholders between 2001 and 2011.
LORD COPPER: There is nothing to fear after JP Morgan loss ...

So, here we go again. Another bank, another huge trade gone bad. This one doesn’t even appear to have been a case of rogue trading; a whole desk seems to have been operating with the full knowledge of the management and/or risk committee.
COMMENT: Keep calm and carry on?

The decision of the Indonesian government last week to uphold the ore export ban and taxes from May 6 has failed to calm the nervous market. So far, both producers and buyers have displayed an impressive tolerance level to the export uncertainty. But how long will their patience last?