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China’s steel bar exports down 21.5 % in Jan-Aug 2022

From January to August this year, China’s steel bars exports totalled 4.95 million tonnes, down 21.5 per cent year on year, while exports of wire coil reached 1.39 million tonnes, down 1.7% year on year.

Meanwhile, China’s export volume of angles/channels reached 2.38 million tonnes in the specified period, up 25.3% yearly and 10.5 percentage points faster than the annual increase recorded in the first seven months of this year.

In August, China’s steel bar exports reached 650,000 tonnes, up 41.0% year on year, while declining 15.6 per cent month on month and exports of wire coils and angles/channels amounted to 170,000 tons and 390,000 metric tons, down 1.1% and increased by 132.4 % on an annual basis, while it decreased 15% and 21.875% monthly, respectively.

In August, Chinese rebar export prices moved sideways amid stagnant demand in the traditional season, while they declined in September.

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Arab Iron and Steel Union was established in Algeria in 1972 as the first Arab Union of the Arab countries to be founded under the Council of Economic Unity umbrella in the League of Arab States.

It is the first Arab organization to specialize in the iron and steel field, and its tasks fall within making plans aimed mainly at developing and growing the iron and steel industry in the Arab world.

Arab Iron and Steel Union comprises a wide range of multi-activity companies related to the iron and steel industry from the Arab countries.

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