Strong external demand, China's steel exports continue to in
Writer： admin Time：2021-05-11 15:27 Browse：℃
According to customs data, in the first four months, China exported 25.654 million tons of steel, a year-on-year increase of 24.5%; and imported 4.891 million tons of steel, a year-on-year increase of 16.9%. In April, the export of steel products was 7.973 million tons, a year-on-year increase of 26.2%; the imported steel products were 1.174 million tons, a year-on-year increase of 16.7%. In April, China's steel exports increased by 431,000 tons compared with March, setting a new single-month export high in recent years; steel imports remained at a low level, slightly lower than in March.
The reasons for the continued high volume of steel exports in April are as follows. In addition to the delivery of the pre-orders, the widening domestic and foreign price gaps also stimulated exports.
The steady recovery of the global economy has boosted the demand for steel. The April global manufacturing PMI released by the China Federation of Logistics and Purchasing was 57.1%, a decrease of 0.7 percentage points from the previous month, ending the two-month upward trend. Although the growth rate has slowed down, the global manufacturing Purchasing Managers Index (PMI) has been at a relatively high level of more than 57% in the past two months, indicating that the steady recovery of the global economy has not changed, and the demand for steel remains biased Strong. At the same time, the European Central Bank said it would speed up its bond purchases, the Fed insisted on loose monetary policy, and the overseas steel market is still expected to continue to rise.
The major overseas economies are in the stage of economic recovery, and the demand for steel is strong. In April, the price of the steel market rose more than expected, especially in the European and American markets. The price of major flat products basically increased by more than US$100/ton. "Although China's steel exports are mainly oriented to Southeast Asia and Africa, the price increase in the European and American markets will indirectly stimulate China's steel exports." Overseas steel market prices continue to rise, and the quotations of steel exports from various countries have increased significantly, and the domestic and foreign price gaps have widened. China's steel export quotations are still valid. Advantage.
China's steel industry export orders expanded again in April. In April, China's steel industry's new export order index was 51.7%, a sharp rebound of 8.0 percentage points from March, and once again entered the expansion range.
The export tax rebate for 146 types of steel products such as hot-rolled steel, heavy plate, chrome-plated steel, and color coating has been cancelled since May 1. The export tax rebate of some high value-added products such as electrical steel, household appliances and automobile steel is still retained. It will help optimize the export structure of steel products and regulate the export of general products.
As there is still a mismatch between supply and demand in overseas markets, the price difference between internal and external steel prices is large, and the short-term impact of the adjustment of the export tax rebate policy may not be significant. In the medium and long term, as the epidemic is brought under control, the mismatch between supply and demand in overseas markets is gradually repaired, the policy effects of export tax rebate adjustments will gradually appear, and the import and export situation of steel will also change, which will promote the high-quality development of the steel industry.
On the one hand, enterprises can adjust the structure of export products, moderately reduce the export of low-end materials, and increase the technological content and added value of export products; on the other hand, they must deepen the domestic market and help the development of China's mid-to-high-end manufacturing industry through indirect exports of downstream products. demand. At the same time, in the context of encouraging the import of steel and raw materials, trading companies may be able to actively connect with overseas resources to find import opportunities.