China's steel exports two characteristics in 2017

• source：JUNNAN
• author：JUNNAN
• date： 2016-10-06

    In 2016, China's steel exports than expected, which constitutes a major highlight of China's demand. Customs statistics show that from January to August this year, 76.35 million tons of steel exports, an increase of 6.3%, is expected to export tons of steel over the year is a foregone conclusion. China's steel exports continue to grow this year, the first reason is that the international market demand is not reduced, because there will be demand for exports. Followed by China's steel has a strong competitive advantage, the international buyers to shop around after the preferred Chinese steel, as China's steel import, the preferred mining giant iron ore.

Looking forward to the new year, China's steel export situation, will present two characteristics:
One is China's steel exports continue to be a large number of scale. G20 meeting, governments, mainly developed countries may learn from China's experience, while continuing to loose monetary policy, increase fiscal spending, the implementation of government-led infrastructure investment in order to increase demand, the revitalization of the real economy. On the other hand, many countries around the world do have large infrastructure needs to make large-scale investments.

The second is the level of export growth down. China's huge export volume of steel scale, resulting in a great pressure on foreign steel enterprises, have to their government "help." At the same time employment pressure and campaign needs, will also promote some countries to raise the banner of protectionism, enhance China's steel exports "double reverse" measures.