According to the data released by the General Administration of Customs, in July 2020, China exported 4.176 million tons of API 5L X70 PSL1 pipeline steel and other steel products, an increase of 475000 tons compared with June, a month on month increase of 12.8%, and a year-on-year decrease of 25.0%. From January to July, China’s exports of API 5L X70 PSL1 pipeline steel and other steel products reached 32.880 million tons, a year-on-year decrease of 17.6%.
With the economic restart of overseas countries, the global manufacturing PMI rebounded to the expansion range, the marginal demand for API 5L X70 PSL1 pipeline steel and so on steel products improved, and China's steel exports may resume from present bottom.
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