China’s steel export in the first half of 2016

Posted on 30 August 2016
 

Source: SEAISI
China’s finished steel export in the first half of 2016 increased by 9.6% y-o-y to 56.2 million tonnes, a slower growth when compared to the growth rate of 20.5% y-o-y in the year 2015. The largest export volume was bar,at 17.8 million tonnes, an increase of 40% y-o-y (64% y-o-y in 2015). 
 
The second largest export volume was hot rolled coil and sheet totalling 7.57 million tonnes in the first half of 2016. However, the volume stagnated with a minimal growth rate of 0.5% y-o-y, a significant slowdown when compared to the growth rate of 18% y-o-y in 2015. 
 
Wire rod export from China registered 5.8 million tonnes from January to June 2016, a slight decline of 0.1% y-o-y. The growth rate dropped significantly from 7.5% y-o-y in 2015. 
 
China’s export of coated steel totaled nearly a million tonnes in the first half of 2016, an increase of 9.8% y-o-y, a slight decline compared to the growth rate of 11.7% y-o-y in 2015. 
 
Pipes & tubes export volume from China continued to decline marginally by 2% y-o-y, to 4.5 million tonnes in the first six months of 2016, after declining 1% y-o-y in 2015. 
 
China’s export to ASEAN
 
China’s export of finished steel to ASEAN registered 19.3 million tonnes in the first half of 2016, an increase of 30% y-o-y. China’s finished steel export to ASEAN accounted for 34% of its total export, a significant increase from the share of 29% in 2015 and 15% in 2008. 
 
The largest export volume to ASEAN was the export of bar, at 7.5 million tonnes, accounting for 42% of its total bar export to the world. The export volume increased by 47% y-o-y in the first six months of 2016. However, the growth rate declined from the rate of 78% y-o-y in 2015. 
 
China’s bar export to Indonesia registered the highest volume among ASEAN, at nearly 2 million tonnes, a significant increase of 81% y-o-y in the first six months of 2016. Export to Thailand, at 1.9 million tonnes, was an increase of more than three folds when compared to the volume in the first six months in 2015. Philippines was the third largest destination in the region for China’s bar export. The volume increased by 11.7% y-o-y to 1.5 million tonnes, a slowdown in growth rate when compared to the rate of 44% y-o-y in 2015. 
 
Export of wire rod and hot rolled coil from China to ASEAN registered volumes of 2.6 million tonnes and 2.5 million tonnes respectively during the period January to June 2016. Export of wire rod stagnated with a growth rate of 0.2% y-o-y. However, the volume represented nearly half of China’s total wire rod export to the world.  
 
The largest destination for China’s wire rod export to ASEAN was Vietnam, with a volume of 752,605 tonnes, an increase of 25% y-o-y in the first half of 2016. The second largest destination in the region was Thailand, at 607,965 tonnes. However, the export volume to Thailand declined by 10% y-o-y. Export to Philippines registered 466,436 tonnes, followed by the export to Malaysia and Indonesia, at around 310,000 tonnes each. 
 
China’s export of hot rolled coil to ASEAN, at 2.5 million tonnes, accounted for 33% of its total HRC export volume to the world. The export of hot rolled coil continued to increase significantly, from the growth rate of 13% y-o-y in 2015 to 26% y-o-y in the first six months of 2016. 
 
Around 80% of total HRC export to ASEAN was to Vietnam. HRC export to Vietnam doubled in volume in 2013 and continued to increase significantly in 2015 as well as in the first half of 2016, registering an increase of 26% y-o-y. 
 
China’s export of coated sheet to ASEAN reached 2.5 million tonnes in the first half of 2016, an increase of 9.6% y-o-y. The volume represented 25% of its total coated sheet export to the world. Export to Vietnam registered a million tonnes, followed by the export to Thailand, at 555,069 tonnes and Philippines, at 529,910 tonnes. 
 

Export of pipes & tubes to ASEAN accounted for 18% of China’s total export of the product in the first half of 2016. The volume continued to increase at the moderate rate of 3-4% y-o-y to 848,177 tonnes. 



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