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Latin American steel imports from China in 10M cross 6 million tonnes-The 18th China(Guangzhou)Int’l Metal&nbs
p;&Metallurgy Exhibition
12/13/2016 steel expo-metal &metallurgy expo |
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Alacero reported that between January to October 2016, the total exports of steel from China to the world including finished (long steel, flat steel and seamless pipes) and steel-derivatives products (wire products and welded tubes) increased 1% versus Jan-Oct 2015, reaching 90.7 million tonnes. Of this volume, 84.7 million tonnes were finished steel and 6.0 million tonnes were steel-derivatives products.
Latin America accounted for 6.9% of Chinese exports, reducing its participation in 1.9 percentage points versus January to October 2015 (8.8%), standing at third place as China’s preferred destination. China′s main destinations for steel exports are: South Korea (12.1 million tonnes, 13.3% of the global total) and Vietnam (10.0 million tonnes, 11.3% of the total).
While steel imports from China to the region have declined, this is not enough since continue being a significant percentage of the region’s demand (?13%). On the other hand, the Chinese government announcement that had achieved the goal of reducing installed capacity in 2016 (45 million), but does not translate into a major change in the market.
During the first ten months of 2016, China shipped 6.3 million tonnes of steel to Latin America, which 5.6 Mt were finished steel and 657 thousand tonnes were steel-derivatives products. This volume is 21% less than the 7.9 million tonnes (7.0 million tonnes of finished products and 865 Kt of steel-derivatives products) recorded in January-October 2015. The following chart shows that the total volume of Chinese steel received by the region in January to October 2016 decreased versus the high levels of 2015.
On the other hand, during Jan to Oct 2016 Latin America was the main global destination of steel-derivatives products from China with 675 Kt, 11.0% share of the total. The region is followed by the Philippines (320 Kt, 5.3% of the total) and United States (316 Kt, 5.3% of the total).
In October 2016, Latin America receive 570 Kt of steel from China, which 510 Kt were finished steel and 60 Kt were steel-derivatives products. This total is 22% lower than the one receive in September 2016 in which entered 727 Kt (675 Kt finished steel and 51 Kt of steel-derivatives products) and 28% less with 794 Kt (704 Kt finished steel and 90 Kt of steel-derivatives products) on October 2015.
The main destinations for Chinese steel (finished + steel-derivatives) in Latin American during January to October 2016 were Central America which received 1.6 million tonnes (25% of the region); Chile, 1.0 million tonnes (16%); and Peru, 805 Kt (13%).
In the first ten months, the countries that increased their imports of Chinese steel (in percentage terms) versus January-October 2015 were Central America (+13%), Peru (+4%) and Costa Rica (+130%). Costa Rica, has increased its participation receiving 5% of the total Latin American flow.
On the other hand, the countries that have reduce their imports of Chinese steel products versus January to October 2015 were: Venezuela (-54%), Mexico (-54%), Argentina (-47%), Brasil (-36%) and Ecuador (-36%). Currently they have shares of 3%, 7%, 1%, 11% and 5%, respectively.
49% of the steel (finished and steel-derivate products) imported by Latin America from China during Jan-Oct 2016 were flat products, reaching 3.1 Mt. The most relevant products in terms of volume were
-The
18th China(Guangzhou)Int’l Metal &Metallurgy Exhibition
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