Update on China's steel exports to ASEAN

Posted on 03 July 2015
 

Source: SEAISI
Steel exports from China to ASEAN continue to rise. In the first four months of 2015, China’s total finished steel export to the six ASEAN member countries of SEAISI registered 9.4 million tonnes, an increase of 50% y-o-y.

Among the six countries, Vietnam was the biggest recipient of steel export from China for the period January to April 2015, at 2.7 million tonnes, an increase of 76% y-o-y, followed by the Philippines which received 1.68 million tonnes of steel products from China in the same period. China’s steel export to Indonesia doubled in volume to 1.6 million tonnes in the first four months of 2015, making the country the third largest recipient of steel products from China. During the same period, China’s steel export to Thailand increased by 37% y-o-y to 1.3 million tonnes while finished steel export to Singapore rose moderately by 8% y-o-y to 1.15 million tonnes. Though China’s finished steel export volume to Malaysia in the first four months of 2015 was lower than the other ASEAN countries, the volume was nevetheless significant, at 954,000 tonnes, an increase of 66% y-o-y.

The most significant items of steel exports from China to ASEAN in the first four months of 2015 were bar and wire rod. During the period, China’s export of alloyed bar more than doubled in volume to 3.2 million tonnes while export of carbon bar only registered a minimum volume of 5,600 tonnes. The bars were exported significantly to all the six countries in ASEAN. Export from China to Indonesia registered the highest volume of 878,000 tonnes in the first four months of 2015, a significant jump from 230,000 tonnes in the same period of 2014. Export to Philippines increased by 72% y-o-y to 772,000 tonnes, followed by the export to Singapore, at 745,000 tonnes (+45% y-o-y). Export to Malaysia and Vietnam increased by more than three folds to 297,000 tonnes and 236,000 tonnes, respectively.

Most of the wire rod exports from China to ASEAN were recorded as alloyed wire rod. The volume reached 1.6 million tonnes in the first four months of 2015, an increase of 17% y-o-y. Major destinations were Thailand and Vietnam. Export to Thailand registered 464,000 tonnes, an increase of 25% y-o-y. Export to Vietnam increased by 11% y-o-y to 326,000 tonnes. Export to Malaysia jumped by two folds to 263,000 tonnes while export to Philippines surged moderately by 7% y-o-y to 192,000 tonnes. On the other hand, export to Indonesia and Singapore declined by 15% and 4% y-o-y to 203,000 tonnes and 131,000 tonnes, respectively.  

China’s export of carbon section to ASEAN was not significant. However, the volume picked up robustly from 33,000 tonnes in the first four months of 2014 to 117,000 tonnes in the same period of 2015. The export of alloyed section, on the other hand, dropped by 15% y-o-y to 363,000 tonnes in the same period of 2015.

China’s export of hot rolled coil to ASEAN increased significantly. Export of carbon HRC registered a small volume of 21,000 tonnes in the first four months of 2015. Export of alloyed HRC, on the other hand, increased by 74% y-o-y to 1.3 million tonnes (93% of total HRC export to ASEAN). The major destination of the alloyed HRC export was to Vietnam (83% of total export to ASEAN), which increased from 520,000 tonnes in the first four months of 2014 to 1.1 million tonnes in the same period of 2015.

Export of coated sheet from China to ASEAN in the first four months of 2015 was 1.07 million tonnes, an increase of 33% y-o-y. Half of the export was the export of HDG. Major destinations in the region were Vietnam, Thailand and Philippines.

Export of cold rolled coil from China to ASEAN was not that significant. Total export to ASEAN registered 304,000 tonnes in the first four months of 2015. Export of carbon CRC to ASEAN was around 70% of total CRC export to ASEAN.

China’s export of seamless pipes to ASEAN registered 270,000 tonnes for the period January to April 2015, an increase of 14% y-o-y. In the same period, export of welded pipes rose substantially, by 39% y-o-y, to 258,000 tonnes. 


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