China's 2018 steel net exports decline almost 10%

China's steel export quantity 2018 was 69.3 mio t, down 8% year on year. The reasons for this decline are mixed.

Owing to economic stimulus by the Chinese government further massive infrastructure investments were made in China, leading to overall steel price increases and to the highly unusual situation of rebar prices being higher than those of hot-rolled coils. High prices were one factor of dampened exports.

The other factor reducing steel exports was antidumping against Chinese steel at many destination countries and a quality standard inquiry into Chinese steel in the Philippines, which is one of the largest export markets for China's steel.

China's steel imports in 2018 were largely unchanged from 2017, 13.2 mio t, down 1% year on year.

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