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Prospects of China's steel import and export in 2021

Posted:2021-01-28 11:43:32

Judging from the current epidemic situation and the recovery of global demand, global steel demand is steadily increasing. Since the fourth quarter, China's steel export orders have improved significantly, specifically reflecting that the export volume of various varieties in December and January may increase to varying degrees on a month on month basis. At the same time, the export price of various overseas varieties of steel will rise in a wide range. It is expected that the import will weaken and the export will continue to warm up.

According to the above calculation, if the global epidemic situation is effectively controlled in 2021, China's steel export volume will return to 65-70 million tons and the steel import volume will be about 10 million tons in 2021.