In 2023, China's steel external demand will be strong, and steel exports will increase significantly
According to the data released by the General Administration of Customs, from January to November 2023, China exported a total of 8,265 steel products80,000 tons, a year-on-year increase of 356%；China has imported 6.98 million tons of steel, a year-on-year decrease of 292%；During the same period, China's cumulative net exports of steel products were 7,56780,000 tons, a year-on-year increase of 453%。Considering that China's steel exports in December 2022 will be 5.4 million tons, with a relatively low base, Lange Steel Research Center expects that China's steel exports will still maintain a year-on-year increase and a slight month-on-month fluctuation trend in December, and steel exports in 2023 are expected to exceed 90 million tons, a year-on-year increase of about 30%;Steel imports were about 7.7 million tons, down about 25% year-on-year.
In 2023, the scope of friction in the steel industry will be "expanded".
According to the monitoring data of Lange Iron and Steel Research Center, in 2023, China's steel export products will be subject to 21 first-class relief investigations initiated by 13 countries and regions, including 9 anti-dumping investigation cases, 4 anti-dumping and anti-subsidy merger cases, 4 anti-circumvention investigation cases, 2 transitional review cases, and 2 safeguard measuresCompared to 2022, the number of countries increased by 4;The number of cases is flat. (Lange Steel Research Center).
Table 1: 2023 China Iron and Steel Export Product Relief Survey