steel export

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European Union reduced steel exports by 8% y/y in January-May

Shipments of long rolled products decreased by 4% y/y, and flat – by 10% y/y

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China increased steel export by 31.3% y/y in January-June

In June, Chinese steel companies shipped 10.1% less steel abroad than in May

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Steel exports from China may grow by 10% in 2023

In January-May 2023, the country increased steel exports by 41% y/y

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India’s steel exports fell to a six-month low in June

In one month, Indian steelmakers shipped 502,000 tons of steel for export

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Steel exports from China will rise to a 7-year high in 2023 – forecast

Chinese exports are supported by weak domestic demand and low steel prices

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India’s steel exports in June will show further decline – forecast

In January-May, according to preliminary data, the country reduced steel exports by 33% y/y

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A new round of EU sanctions may affect Turkish steelmakers

Most of the Turkish HRC producers rely on slabs of Russian origin

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CBAM will affect 15-40% of Indian steel exports to Europe

India exports 3-5 million tons of rolled steel to Europe every year

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China will continue to increase exports of rolled steel – Baosteel

An increase in exports may occur amid a decrease in demand for steel in the domestic market

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China increased the export of steel products by 40.9% y/y in January-May

In May, Chinese steel companies shipped 5.3% more steel abroad than in April

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European Union reduced steel exports by 10% y/y in the 1st quarter

Shipments of long rolled products decreased by 7% y/y, and flat – by 12% y/y

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China increased steel exports by 55% y/y in January-April

Complicated international factors and weak domestic demand keep Chinese steel exports high

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