The steel exports of China are expected to remain stable in the fourth quarter

In October, China's economic order basically returned to the normal track. The policy of expanding investment and stabilizing domestic demand was steadily launched, and the steel market demand also rebounded. The index of new orders was 44.9%, up 8.3 percentage points month on month. However, due to the market still has a strong wait-and-see mood, the "silver 10" peak season is slightly insufficient, and the index is still operating below 50%. At the same time, the epidemic situation in foreign countries has accelerated, and the steel supply of European and American countries has been affected to a certain extent, which is conducive to China's steel export.

At present, the epidemic situation abroad is serious again, and France, Germany and other countries have intensified the blockade. It is estimated that the epidemic situation or accelerated spread from November to December will greatly affect the economies of all countries in the world. On the one hand, economic vitality is declining and market demand is declining; on the other hand, steel enterprise production will also be tightened. As an important part of the international supply chain, China's production capacity has basically recovered. With the continuous international epidemic situation, it is expected that the steel export in the fourth quarter is expected to remain stable, with a year-on-year decline rate narrowing.