The adjustment of China's steel import and export tariff will reduce the supply of material Q275

It is expected that the large-scale adjustment of import and export tariffs of China's steel products will inevitably affect the international steel market situation in this year, one of which is to reduce the supply of material Q275 and so on resources.

Since the fourth quarter of last year, the world economy has obviously recovered, the global manufacturing index has remained above the 50 boom and bust line, and the new US President Biden has promoted large-scale infrastructure projects, all of which have pushed up the steel demand of European and American countries and the international market for material Q275 and so on steel products.

On the other hand, due to the severe epidemic, steel production in many countries except China is hindered; As well as the rise of trade protectionism in the United States and other western countries, the imposition of tariffs on steel products has hindered the import of resources. In this context, China, which accounts for half of the world's steel production, will restrain the export of material Q275 and so on steel products, which will inevitably reduce the steel resources in the international market and expand the gap between supply and demand in the future.