According to the data compiled by China's customs, China's steel product exports rose significantly in March.
In March China's steel product exports totaled 4.91 million t, raising by 2.43 million t month on month and by 47.45% year over year. While China's overall steel product exports came to 10.51 million t for the first three months of this year, up 20.7% year on year. Besides China also imported 70 thousand t of the billet in March and the overall billet imports amounted to 0.19 million t for the first three month of this year, up 19.7% compared to the same period of last year and there were no billet exports in March. While China's coking coal exports came to 0.77 million t in March and 1.2 million t for the first three month of this year, increasing by 0.73 million t and 802.6% respectively year over year.
On the other hand, China's steel product imports amounted to 1.53 million t in March, rising by 0.51 million t month on month and down 6.31% year over year. Meanwhile China's overall steel product imports reached 4.18 million t for the first three months of this year, up 1.6% year over year. In addition China also imported 59.48 million t of the iron ore in March, increasing by 12.64 million t month on month and by 0.8% year over year, meanwhile from January to March China's overall iron ore imports totaled 177.17 million t, up 14.4% year over year.