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Structure of Chinese steel market gradually adjusting

30 Oct 2024 16:51 reported by Alston Tsai

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In September this year, China's steel exports reached 10.154 million tons, a year-on-year increase of 25.9%. Among them, China's exports to Vietnam and ASEAN countries have increased significantly, highlighting the development potential of steel markets in these countries.

In terms of stainless steel exports, the total volume from January to September was around 3.7 million tons, a year-on-year increase of 23.2%, mainly to Vietnam, Taiwan, Italy, and Turkey. However, export volume has increased, but the prices haven't, showing changes in the market structure.

Overall, despite increasing pressure on export prices, there is still room for positive growth in the future, as actual demand improves and bullish policy support continues.

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