Page 22 - Import Export News Today

More than a year after Russia began a wide-scale invasion of Ukraine, many of the besieged country's artists have found themselves living as refugees.

Many domestic steel mills said that China’s export quotations of steel have once again enjoyed price advantages against the rising overseas steel prices since January, when the export profits were already significantly higher than those of domestic sales.

As of January 31, China’s export price of HRC was 118.4 yuan/mt higher than the average SMM domestic price, and the price difference increased by 115.1 yuan/mt from the previous month; the export price rose 304.22 yuan/mt from December 30.

SMM survey showed that the global shipments of iron ore totalled 31.37 million mt, up 16.1% WoW.

SMM statistics showed that China’s steel product port shipments under domestic trade totalled 5.66 million mt in the week of February 18-24, up 14% week-on-week.

South Korea's exports have continued to decline this month, fuelling concerns about the economic outlook ahead of the Bank of Korea's interest rate decision this week.

As of Friday February 17, the SMM Imported Copper Concentrate Index (weekly) stood at $78.23/mt, $1.15/mt lower than February 10.

 According to SMM statistics, China imported 237,100 mt of stainless steel in December 2022, a month-on-month decrease of 18.8% and a year-on-year decline of 12.4%.

SMM statistics show that China exported 470,300 mt of stainless steel in December, a month-on-month decrease of 1.81% and down by 12% on a yearly basis.

According to the latest data released by the General Administration of Customs, the exports of Chinese SiMn alloy in December 2022 stood at 1,000 mt.