Posted on 11 Feb 2009
China's steel exports drop by 40% in January
According to China's official customs data said on Wednesday, China's steel exports in January dropped 40 percent on the month to 1.91 million tons, which reached the lowest in nearly 3 years.
Exports were also down by 54 percent on year-on year basis. Also, iron ore imports in January were down by 5 percent to 32.65 million tons from last December, but were 11 percent down on year-on-year basis.
The customs data also shows that China imported 13,000 tons of steel billets in January which was 90.7 percent increase compared to the same month last year.
