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ASTM A516 Gr 70 and so on steel plate is still the main product of China's steel export
From January to may, the export volume of various major steel products of China decreased significantly year on year. However, ASTM A516 Gr 70 and so on steel plate is still the main type of steel export in China, and its proportion in the total export volume has increased year on year. From January to may, China's export of ASTM A516 Gr 70 and so on steel plates accounted for 61.5% of the total steel exports, an increase of 1.4 percentage points compared with that in 2019.
ASEAN, the Middle East and South Korea are still the main export destinations of China. From January to May, China exported 14.712 million tons of ASTM A516 Gr 70 and so on steel products to the above three countries and regions, down 0.7% year-on-year, accounting for 58.8% of the total steel exports. Steel exports to South Asia and the Middle East decreased significantly compared with the same period last year.
From January to may, China exported 3.546 million tons of steel to the Middle East, with a year-on-year increase of 5.3%. The main export growth varieties were cold-rolled coil; 563000 tons of steel were exported to Pakistan, with a year-on-year growth of 1.6%, and the main export growth varieties were hot-rolled coil; 534000 tons of steel were exported to Peru, with a year-on-year increase of 5.0%, and the main export growth varieties were alloy steel bars and wires.