steel export - Latest news GMK Center

Rolled steel shipments decreased by 4% y/y

Shipments of products abroad increased by 36.2% and reached a maximum since 2016

In 2023, foreign supplies supported domestic steel prices

In 2023, Chinese steelmakers will export about 90 million tons of steel

Steel imports to the country for 11 months of the current year amounted to 17.64 million tons, exports – 13.05 million tons

The export of steel products for the month increased by 25.8% y/y

Such indicators are expected against the background of the expansion of foreign markets

During the month, the country imported 570,000 tons of steel, which is 4% less compared to October 2022

A country can oppose the mechanism or work with it within the framework of its own initiatives

According to the sources, the parties did not reach a breakthrough ahead of the October 20 summit

It is difficult for Turkish producers to compete with the region's steelmakers due to higher costs

Shipments fell by 35.8% year-on-year