In the first quarter of China’s steel industry stronger-than-expected export performance.
Released on April 13, the general administration of customs statistics show that China’s steel exports in March of 9.98 million tons, surged 29.6% year-on-year; Quarter of the total export of 27.83 million tons, up 8% from a year earlier. March exports hit a monthly high of the year, far more than expected. Previously, the industry is widely expected to march exports will be less than 1 month. “Although the anti-dumping cases this year may be reduced, but the strength increases, and mature case will continue.” Analysts He Hangsheng for journalists said interface, combined with domestic steel prices rebound, and domestic steel mills mounting losses, “capacity” strength increases, the yield will be reduced relatively, gaps in the domestic market to expand, accordingly extrusion export market share.