According to the Shijiazhuang Customs of Hebei Province, in the first four months of this year, the total value of imports and exports between Hebei Province and ASEAN countries reached 28.9 billion. YUAN ($4.2 billion), an increase of 38.7 percent year-on-year, making ASEAN the largest trading partner of Hebei Province.
In particular, the export value of steel products from Hebei Province to ASEAN amounted to 3.77 billion. yuan ($0.55 billion) in the specified period, an increase of 1.3 times year-on-year.
On January 1 of this year, China announced the introduction of an export license for steel products, while the steel mills of Hebei province demonstrated strong capabilities in accordance with export requirements and adapted to the new policy, which contributed to an increase in the value of steel exports production increased 1.3 times year-on-year. Meanwhile, ASEAN countries have continuously promoted infrastructure projects, including ports, railways, and power plants, with high demand for long and flat steel products.
