Steel exports may fall back under pressure in the second half of the year

According to the news of China Iron and Steel Association on July 27, in the first half of the year, China's steel import and export market showed a significant increase in exports and a significant decline in imports. At the export end, exports of most varieties and most regions increased significantly. At the import end, imports of most varieties and major regions declined significantly. The characteristics of the import and export market are closely related to the phased development of domestic and foreign steel markets.

Looking ahead to the second half of the year, due to factors such as weak overseas steel demand and exchange rate fluctuations, it is expected that steel exports may fall under pressure, while imports will continue to remain low.