General Administration of Customs released data show that steel exports, in November 2022, China exported 5.590 million tons of steel, up 28.2%; January-November, China's exports of steel 61.948 million tons, up 0.4%. Imports, in November, China's imports of steel 752,000 tons, down 47.2%; January-November, China's imports of steel 9.867 million tons, down 25.6%.
Steel exports ring, year-on-year rebound in the latter part of the ring or fall again
In the early price advantage, driven by the rebound in export orders, China's steel exports in November continued to show a pickup in the ring, an increase of 410,000 tons in October, an increase of 7.9%; from a year-on-year perspective, due to the low base of the same period last year, the year-on-year still maintained a significant growth trend, an increase of 12.9 percentage points over the previous month.
Imports, imports of steel in November, a slight decline in the ring than in October, down 18,000 tons, or 2.3%.
In November, China's steel exports are still showing significant growth, while steel imports continue to run low, a single month still maintains a net export trend. Lange Steel Research Center measured data show that in November, China's net steel exports 4.838 million tons, an increase of 9.7%, an increase of 64.7%; from the cumulative situation, January to November, steel exports grew slightly, while imports showed a significant decline in net exports of steel still maintain a large scale. %, the cumulative net exports increased by 3.7 percentage points year-on-year compared with the previous month.
