China June aluminium, steel exports rise as trade row intensifies

13th July 2018

By: Reuters

  

Font size: - +

China's aluminium exports exceeded half a-million tonnes for only the second time ever in June as stronger international than domestic prices encouraged overseas shipments, while steel exports hit an 11-month high, defying US tariffs.

China is the world's biggest producer of both steel and aluminium, which have been subject to 25% and 10% import tariffs, respectively, in the United States, the world's largest economy, since March 23.

Unwrought aluminium and aluminium product exports were 510 000 tonnes last month, China's General Administration of Customs said on Friday..

That was up 10.9% from 460 000 tonnes a year ago. Exports also topped a revised 480 000 tonnes in May, which was previously the second-highest figure on record behind only the whopping 542 700 tonnes exported in December 2014.

Exports for the first half of the year were at 2.713-million tonnes, up 12.8% from 2.405-million tonnes a year earlier, customs said.

Meanwhile, steel product exports for June climbed 1.9% year on year to 6.94-million tonnes, hitting their highest since July 2017. Exports were up 0.9% from 6.88-million tonnes in May.

For the first half, steel exports were 35.43-million tonnes, down 13.2% year on year, customs said.

Edited by Reuters

Comments

The content you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at subscriptions@creamermedia.co.za.

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION