In March, China's finished steel exports fell 34.4% year-on-year to 4.945 million tons

According to data released by the General Administration of Customs on April 13, China's finished steel exports in March fell by 34.
4% year-on-year to 4.
945 million tons
.
The average export price of China's finished steel products was 8647 yuan / ton, an increase of 59.
9% year-on-year, down 6.
0%
from the average export price from January to February.
In the first quarter of this year, China exported a total of 13.
179 million tons of finished steel, down 25.
5% year-on-year; The cumulative average export price was 8992 yuan / ton, up 61.
4%
year-on-year.

In March, China imported 1.
011 million tons of finished steel, down 23.
5%
year-on-year.
The average import price of China's finished steel in March was 9683 yuan / ton, an increase of 22.
3% year-on-year, and an increase of 3.
2%
compared with the average import price from January to February.
In the first quarter of this year, China imported a total of 3.
218 million tons of steel, a year-on-year decrease of 13.
4%; The cumulative average import price was 9478 yuan / ton, a year-on-year increase of 27.
8%.

China's net steel exports in March were 3.
934 million tons, down 36.
8%
year-on-year.
In March, the average export price of China's steel was lower than the average import price of 1036 yuan / ton, and the average export price has continued to be lower than the average import price since entering 2022, indicating that the difference between domestic and foreign steel prices has widened
.
In the first quarter of this year, China's total net steel exports decreased sharply by 32.
2% year-on-year to 9.
462 million tons
.

In March, China imported 87.
283 million tons of iron ore and its concentrate, down 14.
5% year-on-year; The average price of China's imported iron ore and its concentrate in March was 787 yuan / ton, down 24.
0% year-on-year, up 18.
1% from the average import price from January to February, and the import price of iron ore has risen
continuously since 2022.
In the first quarter of this year, China's cumulative imports of iron ore and its concentrate decreased by 5.
2% year-on-year to 268.
357 million tons; The cumulative average import price was 708 yuan / ton, down 32.
6%
year-on-year.

In addition, China imported 16.
423 million tons of coal and lignite in March, down 39.
9% year-on-year; The average price of imported coal and lignite in China in March was 896 yuan / ton, an increase of 74.
5% year-on-year, down 15.
2%
from the average import price from January to February.
In the first quarter of this year, China's cumulative imports of coal and lignite fell by 24.
2% year-on-year to 51.
812 million tons; The cumulative average import price was 1006 yuan / ton, a significant increase of 119.
3%
year-on-year.