First half of China's iron and steel export

In the first half of the year, China’s exports maintained growth. According to statistics, in the first half of this year, China’s total imports of steel were 6.83 million tons, a year-on-year decrease of 1.8%; exports of steel were 30.69 million tons, a year-on-year increase of 12.6%; exports and imports offset net exports of 23.86 million tons of steel, and billets were 300,000 tons. In total, the stockpiles are equivalent to about 25.09 million tons of net exports of crude steel. In the first half of this year, a total of 384 million tons of iron ore was imported, which was an increase of 4.9% from the same period of last year. The average import price was 133.24 USD/ton, a year-on-year decrease of 6.25 USD/ton.

According to the above data, the apparent consumption of crude steel in the first half of the year was 364.8 million tons, an increase of 23.24 million tons over the same period of last year, an increase of 6.8%. Taking into account the rise in corporate and social stocks, as well as the representation of corporate inventories and social inventories, the actual consumption of crude steel is lower than the apparent growth in crude steel consumption, and even lower than the growth rate of crude steel production.

Intensified international trade protection Since 2013, due to the slow recovery of the international economy and the increasing protection of international trade, many countries, including the European Union, the United States, Australia, and Canada, have initiated anti-dumping and countervailing investigations on China’s steel product exports, especially the ASEAN part. The country has a stronger response to the export of steel products in China.

According to reports, on July 19, the General Administration of International Trade Practice of the Mexican Ministry of Economic Affairs sent a letter to the Economic and Commercial Office of the Chinese Embassy in Mexico. He said that Mexico has accepted the application from stakeholders and proposed to initiate an anti-dumping investigation against thin plates originating in China and will Issued an announcement; On July 22, the U.S. Department of Commerce and the U.S. International Trade Commission decided to extend anti-dumping duties on imported rebar from Russia, China, and other countries for another five years. The Canadian Border Service Agency announced that it is native to China, Israel, and Spain. The galvanized steel wire has double reversed final cut results. Among them, the dumping margins of Chinese companies involved ranged from 16.6% to 153%, and the subsidy ranged from 0 to 910.33***/ton.

According to the China Iron and Steel Industry Association, with the increase in trade frictions against China, the difficulty of exporting steel products in China will further increase.

Remind exporting enterprises to adjust their export product strategies in a timely manner, increase the export of high-end products, and reduce the export of low-end products.