SMM statistics showed that China’s steel product port shipments under domestic trade totalled 2.54 million mt in the week of January 21-27, down 1.83 million mt or 42% week-on-week.

Steel product arrivals across Chinese ports under domestic trade were 2.47 million mt last week, down 1.91 million mt or 44% on a weekly basis.

Exports of steel and related products
Port shipments outside China were 1.65 million mt last week, down 15% from a week ago. Shipments by Chinese ports for exports were 948,300 mt, a decrease of 52% on a weekly basis.

Port arrivals in China by product under imports
Source: SMM Information & Technology