During the first 11 months of the year, the total exports of steel from China to the world -including finished (long steel, flat steel and seamless pipes) and steel-derivatives products (wire products and welded tubes) decreased 1% versus Jan/Nov 2015, reaching 98.6 million tons (Mt). Of this volume, 92.0 Mt were finished steel and 6.6 Mt were steel-derivatives products.
For its part, the region accounted for 7.1% of Chinese exports, reducing its participation in 1.5 percentage points versus January/November 2015 (8.6%), standing at third place as China’s preferred destination. China´s main destinations for steel exports are: South Korea (13.2 Mt, 13.4% of the global total) and Vietnam (10.8 Mt, 11.0% of the total).
Between January/November 2016, China shipped 7.0 Mt of steel to Latin America, which 6.3 Mt were finished steel and 720 thousand tons (Kt) were steel-derivatives products. This volume is 18% less than the 8.5 Mt (7.6 Mt of finished products and 917 Kt of steel-derivatives products) recorded in Jan/Nov 2015. The following chart shows that the total volume of Chinese steel received by the region in January/November 2016 decreased versus the high levels of 2015.
On the other hand, during Jan/Nov 2016 Latin America was the main global destination of steel-derivatives products from China with 720 Kt, 11.0% share of the total. The region is followed by the Philippines (348 Kt, 5.3% of the total) and United States (337 Kt, 5.1% of the total).
In November 2016, Latin America receive 735 Kt of steel from China, which 672 Kt were finished steel and 63 Kt were steel-derivatives products. This total is 29% higher than the one receive in October 2016 in which entered 570 Kt (509 Kt finished steel and 61 Kt of steel-derivatives products) and 22% higher with 603 Kt (551 Kt finished steel and 52 Kt of steel-derivatives products) on November 2015.
SOurce: Hellinic Shipping News