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China's steel shows an increase in imports and a decline in exports in 2021

According to previous statistics, in the first 10 months of 2021, China exported 57.518 million tons of steel products, a year-on-year increase of 29.5%. In the same period, a total of 11.84 million tons of steel was imported, a year-on-year decrease of 30.3%; a total of 10.725 million tons of steel billets were imported, a year-on-year decrease of 32.0%. The cumulative net export of crude steel was 36.862 million tons. The net export volume far exceeded 2020, but was comparable to the same period in 2019 .

From 2017 to 2020, the number of steel exports has been declining year by year. In 2021, affected by factors such as the recovery of the international economy and high international steel prices, the number of exports is expected to increase.

From 2017 to 2020, the overall volume of steel imports remained stable. In 2020, considering the steady progress of domestic epidemic prevention and control and the resumption of production, the international epidemic has led to weak demand, and China's steel imports have increased significantly by 64.5% year-on-year; in 2021, the number of imports is expected to fall back.

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