Summary of China's Steel Import and Export Statistics for October 2023

Summary of China's Steel Import and Export Statistics for October 2023:Cold coil exports decreased by 13% month on month, with a significant increase in exports of medium and thick plates.

In October, China exported 7.939 million tons of finished steel products, a decrease of 1.5% month on month and a year-on-year increase of 53.1%. From January to October, the cumulative export volume was 75.47 million tons, an increase of 33.7% year-on-year. In October, China imported 670000 tons of finished steel products, a month on month increase of 4.3% and a year-on-year decrease of 13.5%. From January to October, the total import volume was 6.367 million tons, a year-on-year decrease of 30.2%.

In October, there was a differentiation in the month on month trend of various types of S320GD+ZM steel exports in China, with a significant decrease in the export volume of cold-rolled steel sheets and coils, with a month on month decrease of 13.1% to 515000 tons; The variety with the most significant increase in export volume is medium thick plate, with a month on month increase of 20.4%. The main countries for China's finished steel exports in October were Vietnam and South Korea, which performed similarly to September, with a significant increase in exports to India. In terms of imports, the import volume of finished steel products in China increased by 4.3% month on month in October, with a significant increase in S320GD+ZM steel steel billets, followed by hot-rolled steel coils; The import quantity of S320GD+ZM steel cold-rolled steel coils has decreased the most significantly, with a decrease of 5.1%.