According to Chinese customs authorities, the export of steel sheets/slabs from China amounted to 42.45 million tons in January-July of this year, increasing by 2.3 percent in annual calculus.
Only in July China exported 6.13 million tons of steel/stove, which is 19.0% more than last year, and last year 3.4% more in monthly calculus.
In July, uncertainty caused by the introduction of the US Tariffs for the export of other countries caused an unprecedented "export fever" among countries around the world and the effect of "attraction of demand" for Chinese steel in the world market, which has become a powerful growth in the growth of general demand for Chinese steel from the beginning this year, increasing the balance of supply and demand for Chinese steel.
In July, export prices of the HRC in China moved in an upward trend, and the highest price level for a month was $ 485/t FOB from large factories observed from July 23 to 31, and the lowest level of $ 453/t FOB was observed on July 1-7, according to Steelorbis.
