China's steel imports increased and prices fell from January to May

From January to May, China's import volume of steel products increased by more than 10% over the same period last year, and the price dropped by more than 15%. The import volume of rod, wire and hot rolled steel coil increased significantly compared with the same period last year. From January to may, the import of rod and wire rod was 883000 tons, with a year-on-year increase of 123.1%; the average import steel price was 944.8 US dollars / ton, a year-on-year decrease of 44.3%.

Among them, 324000 tons of rebar were imported from January to May, with a year-on-year increase of 4008.7%; the average import price was 420.7 US dollars / ton, a year-on-year decrease of 42.4%. Imported ordinary hot rolled steel sheet and coil was 613,000 tons, an increase of 101.0% year-on-year; the average import price was 494.3 US dollars/ton, a year-on-year decrease of 22.5%. Imported ordinary cold rolled steel sheet and coil was 741,000 tons, an increase of 8.6% year-on-year; the average import price was US$609.7/ton, a year-on-year decrease of 12.2%. The import of oriented electrical steel has increased significantly. From January to May, the cumulative import was 183,000 tons, an increase of 19.3% year-on-year.