China's steel plate exports to Japan and South Korea may increase

Recently, the local hot coil price in the United States has reached an all-time high of US $1499 / T, equivalent to about 9800 yuan / T in RMB, and will reach more than 10000 yuan / T after consumption tax is added in the market. Some traders and steel mills also turn their attention to the United States. However, due to the restrictions of the United States on China's steel policy, China's steel can not be exported to the United States directly at present.

At present, Japan and South Korea have a large number of Chinese steel plates in their domestic circulation, and domestic steel products are exported to Europe and the United States. In the case of the widening price gap between China and the United States, China's steel plate exports to Japan and South Korea may increase in volume.

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