9,432.55 TRY BIST 100 BIST 100
38.31 USD USD USD
5.29 CNY CNY CNY
43.49 EUR EUR EUR
0.12 CNY CNY/EUR CNY/EUR
47.29 TRY Interest Interest
67.27 USD Fossil Oil Fossil Oil
40.65 USD Silver Silver
4.88 USD Copper Copper
97.15 USD Iron Ore Iron Ore
325.00 USD Shipbreaking Scrap Shipbreaking Scrap
4,070.18 TRY Gold (gr) Gold (gr)

China's stainless steel scrap imports decreased by 61% in August

According to data from the General Administration of Customs of China, China's stainless steel scrap imports reached about 7,100 tons in August.

China's stainless steel scrap imports decreased by 61% in August

According to data from the General Administration of Customs of China, China's stainless steel scrap imports reached approximately 7,100 tons in August, representing a 33% increase from the previous month but a 61% decrease compared to the same period last year.

Japan remained the largest supplier, exporting around 37,000 tons of stainless steel scrap. This marked a 50% increase from July but a 66% decline y-o-y. The m-o-m rise in imports aligns with the increase in China's stainless steel production in August.

In the January-August 2024 period, China imported approximately 67,300 tons of stainless steel scrap, reflecting a 70% decrease compared to the same period last year.

With China’s National Day approaching, steel mills may have some restocking needs. Industry experts say procurement prices are likely to change based on inventory levels. Scrap market prices are expected to fluctuate slightly this week.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Egypt launches protective measures against hot-rolled flat steel imports

Monday, April 28, 2025

China captures Germany's share in EU markets

Monday, April 28, 2025

Massoud Steel to establish first metal container factory in SCZone

Monday, April 28, 2025

New shipment of raw materials to British Steel, steel production secured

Monday, April 28, 2025

Josu Pina Bilbao “SSAB is a pioneer in fossil fuel-free steel”

Monday, April 28, 2025
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now