Posted on 08 Mar 2016
The imports totaled 609,000 tons during the month, down by nearly 48% year-on-year. The finished steel imports from China had totaled 1.17 million tons during January 2015. The Chinese finished steel exports totaled 9.5 million tons during the month, down marginally by 5% when compared with Jan ’15. The Latin American region accounted for 6.4% of the total Chinese export volumes. The Latin American share has dropped from 11.6% in January last year.
Among import destinations, Chile was the largest importer of Chinese finished steel with total imports of 122,000 tons, accounting for almost 20% of the region’s total imports from China. In second place was Central America with imports of 96,000 tons, accounting for 16% share of total Latin American finished steel imports. Colombian imports totaled around 80,000 tons, accounting for 13% import share.
The Latin American finished steel imports from China had totaled 9.4 million tons during the entire year 2015. The imports were up marginally by 1% when matched with the previous year. The total finished steel exports from China amounted to 109.6 million tons. Latin American imports accounted for 8.6% of the total Chinese exports. The region was the third largest importer of Chinese steel after South Korea and Vietnam.
