In October this year, China's semi-finished steel exports totaled 1.17 million tons, down 21 percent from the previous month, while down 4.0 percent year on year, marking the first year-on-year decline since the beginning of this year, according to China's customs authorities.
China's semi-finished steel exports stood at 11.9 from January to October this year. million tons, up 157 percent year-on-year, 58 percentage points lower than the growth recorded in the first nine months.
The price gap for semi-finished steel products between China and the Black Sea countries has narrowed, causing China to lose its competitive advantage. Türkiye now requires that 25 percent of raw materials or steel semi-finished products be purchased locally, which has a negative impact on the demand for imported steel semi-finished products. Consequently, exports of semi-finished steel products from China to Turkey fell from 240,000 tons in August to 30,000 tons in September, with no exports recorded in October.
November and December are considered the traditional off-season for overseas demand, which will lead to a decrease in exports of Chinese semi-finished steel products.
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