According to latest customs statistics, China’s steel import and export in May recurrence of a rebound in the momentum; but iron ore imports for two consecutive months of decline, once again rise above 60 million tons.

data shows that China’s steel exports in May 2012 was 5.23 million tons, an increase of 560,000 tons in April, an increase of 9.87% compared to last year. 1-5 months, China’s total exports of 22.04 million tons of steel, an increase of 10.1%.

in May 2012, China’s steel imports 132 million tons, an increase of 190,000 tons as compared to April, an increase of 3.1 percent over the same period last year. 1-5 months, China imported a total of 5.85 million tons of steel, down 14.4 percent.

in May 2012, China imported billet of 30,000 tons, an increase of 10,000 tons in April. 1-5 months of total imports of billets 160,000 tons, down 35.2 percent. Billet exports to zero.

in May 2012, China’s export of coke, 140,000 tons, the first 1-5 months total exports of coke 430,000 tons, down 79.8%.

6.15 million tons more than last month, an increase of 19.8%. 1-5 months of total imports of 308.22 million tons of iron ore, an increase of 9%.

steel spot market has been going on in the doldrums, downstream demand has not been able to effectively open. Steel production remained at a high level, can be seen from the rebound of the iron ore imports in May, the future supply and demand will remain grim.