Chinese turns into net exporter for pig iron
China’s latest statistics show that its pig iron exports in May 2007 totaling 95,003 tonnes is up by 51% MoM as compared with 62,638 tonnes in April 2007. As per report, export mainly took place flowed into Japan, South Korea, Hong Kong, Vietnam, India, Indonesia, Bahrain and the US via Jiangsu, Shandong, Jilin, Shanxi, Guangdong, Yunnan, Liaoning, Sha'anxi, Zhejiang and Fujian province. But Jiangsu Province contributed to 81,800 tonnes of exports accounting for 86% share.
In the meanwhile pig iron imports in May 2007 decreased to 11,240 tonnes from the 147,941 tonnes recorded in April 2007 but up by 140% YoY as compared to 4,682.34 tonnes in May 2006. Pig iron imports mainly came from North Korea, Australia, South Africa and Kazakhstan with North Korea accounting for 87% of the total imports.
The statistics showed that during January to May 2007 pig iron exports amounted to 392,000 tonnes up by 465.55% YoY and imports totaled 422,794 tonnes up by 3076.46% YoY.
The statistics reveal that China has turned into a net pig iron exporter.
Source: MySteel.net
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