Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Import of ferrous metals into China surged 42.6pc in the first six months while exports fell 20.4pc according to data from Chinese customs statistics. 

China imported $17.5bn worth of Iron and steel in the first seven months and received $5.2bn worth of iron and steel goods during the same period. In July, iron and steel and articles made of this material were valued at $3.75bn and $830mn, respectively.


The Chinese customs did not disclose the actual volumes but indicated that ferrous imports grew by 42.6pc from January-July 2019 and imported ferrous articles dipped by 7.1pc over the same period. 


In the first seven months of 2020, ferrous exports were valued at $19.4bn and ferrous articles exported were at $37.4bn. A negative trend of 20.4pc and 4.6pc, respectively, was observed over the same period last year. Exports of ferrous metals in July were estimated to be worth $2.6bn while ferrous article exports tallied at $6.6bn. 


(in $bn)      
CategoryExportImportVariation in YTD (in pc) 
 Jul-20YTD 2020 Jul-20YTD 2020 ExportsImports
Iron and steel2.619.43.817.9-20.442.6
Articles thereof6.637.40.835.2-4.6-7.1

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