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steel export - Latest news GMK Center

Photo – Growth in Chinese exports leads to a drop in global steel prices
Growth in Chinese exports leads to a drop in global steel prices

China's growing manufacturing capacity threatens emerging economies

Photo – Cheap Chinese steel harms Latin American steel industry – experts
Cheap Chinese steel harms Latin American steel industry – experts

This situation threatens the jobs and activities of regional producers

Photo – India cuts rolled steel exports to six-month low in May
India cuts rolled steel exports to six-month low in May

Eexports last month amounted to about 0.5 million tons

Photo – Global steel exports grew by 6.5% y/y in 2023 – WorldSteel
Global steel exports grew by 6.5% y/y in 2023 – WorldSteel

The main export volume is hot-rolled sheets and coils – 75.6 million tons

Photo – Turkey increased steel exports by 49.4% y/y in January-April
Turkey increased steel exports by 49.4% y/y in January-April

The increase in the indicator was mainly due to the increase in the export of flat rolled products – by 84.4% y/y

Photo – Italy increased steel imports by 4.4% y/y in Q1
Italy increased steel imports by 4.4% y/y in Q1

During this period, steel exports decreased by 11.3% y/y

Photo – China increased steel exports by 27% y/y in January-April
China increased steel exports by 27% y/y in January-April

The import of steel products during this period decreased by 3.7% y/y

Photo – EU reduced steel exports by 2% y/y in January-February
EU reduced steel exports by 2% y/y in January-February

Rolled steel shipments during this period increased by 9% y/y

Photo – Electrical steel becomes a key product in China’s steel industry
Electrical steel becomes a key product in China’s steel industry

The export of these products from the country has been growing rapidly in recent years

Photo – Germany imported 155 thousand tons of steel from third countries in January-February
Germany imported 155 thousand tons of steel from third countries in January-February

The main part of the import fell on long-rolled goods – 112.33 thousand tons

Photo – India became a net importer of rolled steel products in FY2023-2024
India became a net importer of rolled steel products in FY2023-2024

Last year, the country imported 8.3 million tons of rolled steel, and exported 7.5 million tons

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