According to data released by the General Administration of Customs, in April 2022, my country exported 4.977 million tons of steel, a year-on-year decrease of 37.6%; from January to April, the cumulative export of steel was 18.156 million tons, a year-on-year decrease of 29.2%. In April, my country imported 956,000 tons of steel, down 18.6% year-on-year; from January to April, imported 4.174 million tons of steel, down 14.7% year-on-year.

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In April, despite the advantages of my country’s steel export quotations, the global economic growth slowed down, and the high steel price suppressed demand.

In 2021, due to the tight supply and demand in some overseas regional markets, my country’s steel exports will rebound for the first time after falling for five consecutive years. Since the beginning of this year, steel exports have shown a downward trend year-on-year, and the decline has expanded month by month.

(To learn more about the impact of specific steel products, such as stainless steel coil 410 ba finish, you can feel free to contact us)

In May, the Federal Reserve announced that it will continue to raise interest rates and will begin to shrink its balance sheet in June, with the goal of curbing aggregate demand through tightening liquidity, thereby curbing inflation. The United Kingdom, India and other countries subsequently raised interest rates, and the global monetary policy gradually accelerated from expansion to normalization, and the downward pressure on the global economy increased.

(If you want to get the price of specific steel products, such as cold rolled stainless steel coil, you can contact us for quotation at any time)

The momentum of economic recovery is gradually being consumed, and the pressure of global demand contraction continues to increase. The World Steel Association released a short-term forecast report on steel demand on April 14. It is expected that global steel demand will increase by 0.4% to 1.8402 billion tons in 2022, of which China’s demand will remain stable and the outlook for steel demand in developed economies will weaken. At the same time, due to the Russian-Ukrainian conflict and global inflation, steel demand changes remain highly uncertain.

The global economic recovery lacks momentum, the steel demand growth is expected to decrease, the new export order index of my country’s steel industry continues to shrink, and steel exports are still in a downward channel. Active, the export volume of steel is expected to be difficult to continue to rebound.

According to data released by the General Administration of Customs, in April 2022, my country exported 4.977 million tons of steel, a year-on-year decrease of 37.6%; from January to April, the cumulative export of steel was 18.156 million tons, a year-on-year decrease of 29.2%. In April, my country imported 956,000 tons of steel, down 18.6% year-on-year; from January to April, imported 4.174 million tons of steel, down 14.7% year-on-year.

(If you want to know more about the industry news on stainless steel 409 coil, you can contact us at any time)

In April, despite the advantages of my country’s steel export quotations, the global economic growth slowed down, and the high steel price suppressed demand.

In 2021, due to the tight supply and demand in some overseas regional markets, my country’s steel exports will rebound for the first time after falling for five consecutive years. Since the beginning of this year, steel exports have shown a downward trend year-on-year, and the decline has expanded month by month.

(To learn more about the impact of specific steel products, such as stainless steel coil 410 ba finish, you can feel free to contact us)

In May, the Federal Reserve announced that it will continue to raise interest rates and will begin to shrink its balance sheet in June, with the goal of curbing aggregate demand through tightening liquidity, thereby curbing inflation. The United Kingdom, India and other countries subsequently raised interest rates, and the global monetary policy gradually accelerated from expansion to normalization, and the downward pressure on the global economy increased.

(If you want to get the price of specific steel products, such as cold rolled stainless steel coil, you can contact us for quotation at any time)

The momentum of economic recovery is gradually being consumed, and the pressure of global demand contraction continues to increase. The World Steel Association released a short-term forecast report on steel demand on April 14. It is expected that global steel demand will increase by 0.4% to 1.8402 billion tons in 2022, of which China’s demand will remain stable and the outlook for steel demand in developed economies will weaken. At the same time, due to the Russian-Ukrainian conflict and global inflation, steel demand changes remain highly uncertain.

The global economic recovery lacks momentum, the steel demand growth is expected to decrease, the new export order index of my country’s steel industry continues to shrink, and steel exports are still in a downward channel. Active, the export volume of steel is expected to be difficult to continue to rebound.