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35CrMo structural steel exports of China may continue to rebound in the fourth quarter

From the perspective of import and export price difference, China's 35CrMo structural steel etc. steel prices fell significantly in September due to high production and high inventories. However, foreign steel prices continued to rise with the recovery of demand and rising raw material prices. The quotations of steel imports and exports from various countries rose accordingly. The import and export price gap of China was further reduced.

Due to seasonal reasons, China's 35CrMo structural steel etc. steel prices in the fourth quarter are likely to fall but difficult to rise, and export quotations will be lowered, and the price advantage may appear again. Judging from the current new orders received by steel mills, the new export order index of the steel industry in September increased by 11.9 percentage points from the previous month to 46.6%. The steel exports of China may continue to rebound in the fourth quarter. The annual steel export volume is expected to be around 55 million tons.