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This year, China's steel export will still maintain a large scale
2018-5-1

Based on the multi factor analysis, such as the world economy continues to grow, frequent anti-dumping is not the main area of China's steel export, and China's steel export price advantage has not been completely lost, Chen Kexin, chief analyst of Lange Iron and steel Economic Research Center, believes that China's steel export will remain at a large scale this year. According to customs statistics, in the first four months of this year, China exported 36.9 million tons of steel, up 7.6% year-on-year, with a relatively strong growth momentum. Chen Kexin said that if the export situation in the first four months of this year is calculated simply, the annual steel export volume is expected to reach 110 million tons. In 2016, China's steel export volume can maintain a large-scale level, there are three main factors: first, the world economy continues to grow. In this pattern, global steel demand continues to grow, although the momentum is fragile and weak, but not stagnant. Compared with the steel demand and steel production capacity of major global economies, the dependence of global new steel demand on China's export will continue to increase. This makes China's total steel exports in 2016 will not be lower than the level of the previous year. Secondly, frequent anti-dumping is not the main area of China's steel export. In recent years, the European Union and the United States are the main antidumping agents for China's steel products, but China's steel exports to European and American countries account for a small proportion. Even if China's steel exports to European and American countries will decline significantly due to the increase of anti-dumping duties, it will only reduce several million tons, which will not fundamentally shake the quantity and scale of China's steel exports. Thirdly, China's steel export price advantage has not been completely lost. In recent years, the price advantage is one of the main factors for the sustained and substantial growth of China's steel exports. Compared with the main steel producing countries and exporting countries in the world, the advantages of low cost and low price still exist in China's exported steel products, which makes China's steel products continue to be the first choice in the international market. Chen Kexin believes that the low-cost competitive advantage of China's iron and steel enterprises in 2016 is still there, and the new demand for steel in the world will mainly rely on China's steel export. In 2016, China's steel export will continue to maintain a large scale.

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