In 2018, the international steel market price has a tendency to rise. This situation also adjusts the international steel layout structure, transformation and development, builds international steel supply chain logistics, expands steel exports, and stabilizes domestic steel supply and demand relations for Chinese steel companies. After the domestic market has gone out of the first two months, this price has rebounded and the price has risen and entered the reasonable price area, which is conducive to maintaining stable operation of the price and providing a better opportunity for longer-term international demand.
Steel consumption in 2017 has exceeded 370 million tons. In India, some countries in Southeast Asia have even experienced nearly 10% increase in steel use, and South America has seen an increase in steel for the first time in 2017. This trend determines that China's steel exports fall by 30.5% is only a phased feature, and future exports have an increasing trend.
In order to encourage Chinese steel exports, since January 1, 2018, the government has cancelled the temporary tariffs on the export of bars, rebars and wires, and lowered the provisional tariffs on the export of 200 series of hot-rolled stainless steel coils, steel ingots, billets and some ferroalloys. . In February of 2018, the national steel export volume was 4.847 million tons, an increase of 4.2% from the previous month; the import volume was 1.027 million tons, down 13.8% from the previous month; the net export steel was equivalent to 3.82 million tons of crude steel. Considering the number of days in February, the actual export strength increased from the previous month. 10.4%. The trend of increased exports has been shown.