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Since the beginning of this year, China’s steel exports have rebounded

Since the beginning of this year, China’s steel exports have rebounded
Issue Time:2019-03-26

Data show that from January to February thisyear, the country exported 10.7 million tons of steel, an increase of 12.9%.The most important factor driving the rebound of steel exports is that domesticmarket prices are lower than international market prices during this period,and exports are profitable. In addition to the large-scale reduction of taxesand fees this year, it is more favorable for reducing export costs, enhancingthe competitiveness of the international market, and stimulating steel exportsincluding hot and cold rolled coils. The internal environment of steel exportsis better. In addition, Sino-US trade negotiations are progressing smoothly. Ifpositive results can be achieved, the external environment for China's steelexports will also improve.

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