China's steel import and export over the years

According to the steel export situation over the years, after the impact of the epidemic in early 2020, China's steel export had a small peak from March to April due to the sharp reduction of China's prices from January to February and a large number of overseas buyers sweeping goods. After the outbreak of overseas epidemic, the demand plummeted, and China's steel exports continued to be in a state of malaise, with a year-on-year decline of 19.8% in 2020. From the current export volume from January to February, it is almost the same as that in 2018 and 2019, and from the forecast of export orders after December, the export volume may continue to rise after March.

In terms of imports, China's steel imports soared to 20.23 million tons in 2020, up 64.5% year on year. The imported steel products are mainly steel plate products. The import has increased significantly, while the export has decreased, resulting in the net import of steel plate products for the first time in 2020. Since the overseas epidemic was effectively controlled in November 2020, the demand began to release. Judging from the import orders since December 2020 and the import volume at the beginning of the 21st year, China's steel imports may return to the normal level in 2021 to about 10 million tons in the whole year.

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