Steel Exports in 2018 Reached The Second Highest Level in Nearly A Decade

In December 2024, the export volume of steel was 9.73 million tons, an increase of 4.85% from the previous month and 25.9% from the previous year. From January to December, the cumulative export volume was 110.72 million tons, an increase of 22.7% from the previous year. In December 2024, the import volume of steel was 620,000 tons, an increase of 31.91% from the previous month and a decrease of 6.6% from the previous year. From January to December, the cumulative import volume was 6.81 million tons, a year-on-year decrease of 10.9%. In December 2024, the export volume of steel increased both month-on-month and year-on-year, and the annual export volume of steel reached 110 million tons. According to the historical data of the past ten years, the export volume of steel in 2024 exceeded 108.49 million tons in 2016, second only to 112.40 million tons in 2015, reaching the second highest level in history. Although my country's steel import volume increased month-on-month in December 2024, my country's foreign trade in steel still maintained a clear net export trend in December.
In 2024, the export of steel reached 110 million tons last year, which was the "second highest" in the past 10 years, second only to 112.4 million tons in 2015. According to market statistics, hot-rolled, coated plates, and rods and wires occupied the top three, accounting for 54.5%, and in terms of export countries, Vietnam, South Korea, and Saudi Arabia occupied the top three. In 2024, although my country's steel exports increased significantly, it still faces great challenges in 2025. First, my country's steel export trade frictions continue, and the main export targets of steel have launched anti-dumping investigations, directly restricting my country's direct steel exports; secondly, policy uncertainty and tariff issues are the main problems facing my country's exports in 2025. According to the latest news, the growth rate of exports to the "Beautiful Country" has reached the highest level since September 2022, so indirect exports may be suppressed. However, my country's macroeconomic policies in 2025 are worth looking forward to, and domestic demand is expected to continue to burst with vitality. For anti-dumping, tariffs and other issues, under the active fiscal and monetary policies, it can also calmly "take the challenge".