China’s ferrous scrap imports increased by 63.8pc in Q1 2021 to $65.87bn compared to the same quarter last year according to its latest Customs Statistics report. The country’s ferrous scrap exports rose by 76.1pc to $795mn in the same period.
In March, China imported ferrous scrap worth $25.41bn while this material’s exports were valued at $393mn.
The country exported $15.54bn worth of iron and steel in the last quarter, up 38.5pc while imports of these products increased by 41.7pc to $9.83bn. Exports of non-ferrous metals also increased by 30.9pc during the quarter under review to $7.65bn while their imports rose by 51.9pc to $18.63bn.
Exports of iron and steel and non-ferrous metals in March tallied at $6.5bn and $2.82bn, respectively, while the imports of these two products were valued at $3.36bn and $7.41bn, respectively.
In the first quarter, China’s exports of machinery and transport equipment increased by 51.5pc to $350.84bn while its imports were up 32pc to $225.14bn, the Customs statistics report indicated.