According to the latest data released by China's General Administration of Customs, China's finished steel exports reached 10.578 million tons in May 2025,
increasing by 1.1% month-on-month and 9.8% year-on-year. Against the backdrop of domestic crude steel output remaining at a high level and domestic
demand growth falling short of expectations, this export data can be said to be "in line with market expectations", and it also reflects that the competitiveness
of China's steel products in the international market remains strong.
It is worth noting that China's steel exports are expected to maintain a strong momentum in June. The global demand for steel in construction, infrastructure
and manufacturing continues to recover. Meanwhile, the production restrictions or maintenance of steel mills in some overseas regions have also provided space
for China's steel exports.
From the perspective of import data, China's steel imports in May were 481,000 tons, a decrease of 7.9% month-on-month and 24.8% year-on-year, with a clear
continuous downward trend. This indicates to a certain extent that the domestic steel production capacity is sufficient to meet the market demand, and the dependence
on imports continues to decrease.
Cumulative data shows that from January to May 2025, China's cumulative steel exports reached 48.469 million tons, up by 8.9% year-on-year. This represents a further
increase compared to the 8.2% growth rate from January to April, indicating that the momentum for export growth is still being released. According to preliminary statistics,
China's total steel imports from January to June were 2.553 million tons, a year-on-year decrease of 16.1%. This trend is consistent with the overall reduction in imports within the year.
Overall, China's steel industry is actively responding to the challenges brought about by weak domestic demand through structural optimization and overseas market expansion.
In the future, as global steel demand gradually recovers and Chinese steel enterprises maintain their continuous advantages in product quality, delivery capacity and price, exports are
expected to remain at a relatively high level.
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