China's Stainless Steel Trade in May

China’s Stainless Steel Trade in May

Overview

In May, China’s net stainless steel exports increased significantly. The General Administration of Customs recently released the import and export statistics for stainless steel and major raw materials for the month.

Imports

China’s stainless steel imports were 174,400 tons in May, marking a 10.14% decrease from the previous month (19,700 Tonnen) but a 23.05% increase year-on-year (32,700 Tonnen). Imports from Indonesia were 148,000 Tonnen, down by 10.84% month-on-month (18,000 Tonnen) but up by 28.81% year-on-year (33,100 Tonnen).

From January to May, total stainless steel imports reached 976,600 Tonnen, a 34.75% increase year-on-year (251,800 Tonnen). Imports from Indonesia accounted for 848,000 Tonnen, a 53.79% year-on-year increase (296,600 Tonnen).

Exports

China’s stainless steel exports were 457,700 tons in May, up 16.56% month-on-month (65,000 Tonnen) Und 29.99% year-on-year (105,600 Tonnen). From January to May, total exports were 1.912 million tons, reflecting a 12.77% year-on-year increase (216,500 Tonnen).

Net Exports

In May, net stainless steel exports were 283,300 Tonnen, a 42.64% increase month-on-month (84,700 Tonnen) and a 34.67% increase year-on-year (72,900 Tonnen). From January to May, total net exports were 935,500 Tonnen, a 3.64% decrease year-on-year (35,400 Tonnen).

Scrap Stainless Steel Imports

In May, scrap stainless steel imports were 10,050 Tonnen, a 19.45% increase month-on-month (1,600 Tonnen) but a 60.59% decrease year-on-year (15,400 Tonnen). From January to May, total imports of scrap stainless steel were 48,200 Tonnen, a 71.02% decrease year-on-year (118,000 Tonnen).