The volume of China’s exports has just increased year by year

The application of steel is very wide, not only widely used in construction, bridges, railways, vehicles, ships and various machinery manufacturing industry, but also in modern petrochemical industry, marine development and other aspects have been used in large quantities, steel materials in the economic and social development has played an important role and position, steel industry has become one of the important basic industries of the national economy. In recent years, the global crude steel output has grown steadily. In 2021, the global crude steel output reached 195.1 million tons, an increase of 7.2 million tons over 2020, with a year-on-year growth of 3.83%.

From the export situation, since 2017, the global steel exports have been declining year by year, the global steel exports in 2020 is 4056 million tons, a decrease of 33.20 million tons compared with 2019, a year-on-year decrease of 7.57%, but it began to recover growth in 2021, the global steel exports reached 458.9 million tons in 2021, This is an increase of 53.30 million tons from 2020, a year-on-year increase of 13.14 percent. In2021,China exported 6.62 million tons of steel,which is ranking first in the world.

It is predicted that the global steel demand in 2023, global steel demand will grow another 2.2% to 1.8814 billion tons. It will be a good chance for global steel enterprises to improve their production and sale volume.