According to customs statistics, in January this year, after China further raised the steel export tax rate, steel exports in February fell to 3.102 million tons, the lowest since 2007. After that, the export volume of steel products rushed upwards. In August, the steel exports amounted to 7,768,100 tons in the month, an increase of 42.9% year-on-year and an increase of 6.5% from the previous month. Since 2007, China’s single-month steel exports have reached a new high. Steel exports in September were 6.67 million tons, a decrease of 10.11 million tons from August.
According to a report issued by the General Administration of Customs on the 11th, South Korea, ASEAN, and the European Union are the major export markets for Chinese steel. Jiangsu Province, Liaoning Province and Hebei Province are major steel export provinces. The average price of all major export varieties rose to varying degrees, and the average increase in the average price of steel and bar exports was the largest.
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