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China steel exports in October surge to 8.55 million tonnes

According to statistics from the General Administration of Customs, the steel export volume in October surged 3.48 million tonnes or 68.6% on year to 8.55 million tonnes, hitting record high. The figure was 30,000 tonnes more than the previous month. China exported 73.89 million tonnes of steel products during the first ten months, surging by 42.2% from the same period of time in 2013.

China imported 1.09 million tonnes of steel products in October 2014, down 50,000 tonnes (or 4.4%) YoY and down 270,000 tonnes from the previous month. On the import side, China imported 12.09 million tonnes of steel products during January to October up by 4.1% from the same period a year earlier.

Net exports in October were 7.46 million tonnes, up 3.53 million tonnes or 89.8 percent from a year earlier and up 300,000 tonnes from the preceding month. 

China’s iron ore imports in October hit 79.39 million tonnes, up 11.56 million tonnes or 17 percent from the same month last year, but down 5.3 million tonnes from the prior month. Average import price in the month was 82.73 dollars, down 5.8 dollars from the previous month. During January to October, the country’s imports of iron ore registered an increase of 16.5%, reaching 780 million tonnes.

Coke exports reached 820,000 tonnes in October, 130,000 tonnes more than the previous month that of average price was 176.59 USD per tonne, down by 8.15 USD per tonne MoM. According to Customs statistics, China coke export in January to October 2014 perched 6.56 million tonnes, up by 102.6% YoY; export average price was 206.4 USD per tonne, increased by 72% YoY.