Inventory: Analysis of the Trade Friction in the International Sheet Metal Market in 2017

First, the hot rolled exports in thick profiles

It is understood that China's current steel exports account for about 10% of total production, of which 20% of South Korea, Europe and the United States accounted for 3-5%. In 2017, more and more countries implement trade protection, investigate the steel products exported from China and impose punitive tariffs.

 

In 2017, the market price of domestic sheet went skyrocketing than last year. The inventories increased slightly and the export situation dropped drastically. According to the statistics of customs, from January to November 2017, the total export volume of China's medium and heavy plates was 4.7898 million tons, down 27% Plate total exports of 12.59 million tons, down 1.568 million tons, down 11.1%.

 

In terms of country statistics, Vietnam, South Korea, India, the Philippines and Thailand are still the main trading nations. Of the total, China's exports of plate to Vietnam accounted for 21% of the total, but down 2.5 percentage points from 2016 Compared with the same period of last year. However, the total volume of steel exported to South Korea was about 435,000 tons, accounting for 10% of the total export, down 2% from 2016. However, the total steel exports to India, the Philippines and Thailand increased as compared with 2016 , Some increase of 2-3 percentage points.