Boron steel driven steel exports to an all-time high

In November 2014, according to customs data, China’s steel exports of 9.72 million tons, monthly exports hit a record high, from the previous month an increase of 1.17 million tons, rose 13.68%, up 94.4% from a year earlier. Our country imported steel 1.13 million tons, November month on an increase of 40000 tons, rose 3.67%, down 9.6% year on year.

In October 2014, the national boron steel exports of 3.16 million tons, up 188% year on year, rose 12.5%; The boron steel exports of 5.4 million tons, up 36% from a year earlier, fell by 5.6%; In October 2014, the national boron steel exports for an average of $474 / ton, fell 11.5% year on year, fell 2.9%, the boron steel export price is $866 / ton, fell 5.0% year on year, from stays the same.

Net exports are expected to pull the November 1, 2014-51.6% of the national steel production growth.

In November 2014 the national steel net exports of 8.59 million tons, to an all-time high, we expect the export drive in November 1, 2014-51.6% of the crude steel output increment.

Iron ore imports in November year-on-year growth dropped sharply, consolidation in December.

In November 2014, China’s imports of 67.4 million tons of iron ore and concentrate, down 13.41% over the previous year, fell by 15.10%; In November 2014 for the traditional off-season, the downstream demand is weak, and the international mining giant continues to high yield, the iron ore market oversupply, imports of iron ore imports in December is expected to shock consolidation.