It is reported that China became world seventh largest steel exporter in H1 2009. In the Q2 of this year, China became a net steel importer for the first time since Q4 of 2005. In Q2 2009, China imported 6.6 million tonnes of steel products while

exported only 3.5 million tonnes with the import deficit reaching 3.1 million tonnes.
The accumulative steel export in H1 was 7.99 million tonnes down by
68%YoY that of import was 10.70 million tonnes up by 30%YoY. The total
steel import deficit in H1 reached 2.71 million tonnes. As for steel
export destinations, in H1 China steel export to EU shrank 81%, to
Asian neighbors down by 75%, to Middle East declined by 68% and to
North American fell by 51%. Among all the export destinations, only CIS
and Oceania regions saw some increase of China steel export.  As for
import, steel resources from Asian countries decreased by 7% while that
from CIS region jumped sharply to 2.5 million tonnes from last year 0.2
million tonnes.
As for specific products, the import of semi steel products increased
by almost 26 times from pervious year, that of flat products swelled
2%, however that of longs shrank 14%YoY. In addition, China imported
166 million tonnes of iron ore in Q2, recording the history high. And
the accumulative iron ore import in H1 reached 297 million tonnes up by
29%YoY.

Source: MySteel

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• China steel exports picking up, for 2 consecutive months

    According to the data by National Bureau of Statistics of China, the nation crude steel output in July totaled 50.68 million tonnes up by 12.6%YoY, firstly breaking 50 million tonnes for monthly output. The daily output was posted as high as 1.635 million tonnes in that month, a little bit lower

• Chinese exports of steel likely to fall again

    According to the latest statistics by China Customs, the nation steel export has kept rising in May. However, it is likely to fall back after May as for the orders windup before the summer vacation in Europe and US and the inventory replenishment closing of downstream enterprises in Asia-Pacific region.

• China is 10 million tonnes of steel scrap shortage, association –

    China has a steel scrap shortage of about 10 million tonnes, according to an analysis by the Chinese Steel Scrap Association. In the first half of the year China produced 267 million tons of crude steel, and for the whole year is estimated to see an overall crude steel output

• China does not set 2010-state crude oil and heating oil rates

    China has set the 2010 non-state crude oil import quota at 25.3 million tonnes, the Ministry of Commerce said on Monday, part of Beijing’s commitment made eight years ago to the World Trade Organisation. The amount, some 13 percent of China’s annual imports, will be alloted to traders outside the dominant

• China s crude steel production, consumption hit record high in 2009 to

    Boosted by the government’s economic stimulus package, both crude steel output and consumption in China were expected to hit a record high in 2009, said Qi Xiangdong, vice secretary-general of China Iron and Steel Association (CISA). The CISA estimated both the country’s production volume and apparent consumption of crude steel

• Vietnam: Steel producers see shortages of raw materials

    Vietnamese-owned ingot steel factories lack a sufficient amount of scrap steel to continue production at high levels, according to the Ministry of Industry and Trade. Pham Chi Cuong, chairman of the Viet Nam Steel Association, said current scrap steel volume only meets about 10 per cent of the domestic production.Steel ingot

• China s crude steel output to hit record high in August

    China’s crude steel output will probably hit another record high of around 51.65 million tonnes for August,  statistics from the China Iron and Steel Association (CISA) show. The CISA estimated the August daily output at 1.67 million tonnes.China posted a record crude steel production this July, producing 50.68 million tonnes, with

• Stocks in China, prices of steel products in Q4 result: CISA warns

    China could see a drop in steel products price on the domestic market in the fourth quarter due increasing stockpiles of rolled steel and billet, warned the China Iron & Steel Association (CISA) Tuesday.

• China crude steel production in October by 44 percent

    China produced 51.75 million metric tons (tonnes) of crude steel in October, up 44.2 percent from last October’s 35.9 million tonnes, according to the latest data from the International Iron and Steel Association. In October, total crude steel output in 66 countries hit 112 million tonnes, 13.1 percent more than

• China says 16.9 million tonnes of steel capacity will be closed by February 2010

    China has urged local governments to finish shedding 16.91 million tonnes of unsafe and outdated steel production capacity by the end of February, the Ministry of Industry and Information Technology said on Thursday.More than 21 million tonnes of inefficient iron smelting capacity, 1.62 million tonnes of steel alloy capacity