"In the first half of this year China steel exports increased significantly, mainly in the domestic market demand decline." Steel analysts said.
"The excess iron and steel production, steel per ton profit six MAO two, all excess capacity will be seeking a way out, export is also a necessary choice."
According to the latest figures, 1-2014 in May, China's export of steel for a total of 33.9393 million tons up 33.63% from a year earlier. Exports of the United States, the European Union, Thailand, India, South Korea, Vietnam and other countries overall level have maintained a good momentum of growth.
In the first five months, our country exports the United States for a total of 1.3676 million tons steel year-on-year growth of 65.64%. Total steel exports to the eu and the Philippines in 233.2 and 1.6077 million tons respectively, year-on-year growth of nearly 50%. India's steel export volume reached 876200 tons, up 52.8% from a year earlier.
So far, these countries are in Chinese steel or are implementing trade remedy measures.
Analysts believe that although the Chinese steel on a global scale is more anti-dumping investigations, especially some steel manufacturing industry developed countries, but China's steel because of "high quality and low price" is very popular in some small and medium-sized countries. Under the condition of continuous hard to boost domestic demand for steel, China's steel exports will continue to maintain fast growth.