In May, steel exports broke a new five-year high, and exports of cold products shipped or further increased in June and July

According to the known order level, after entering the June shipping period, China's export orders have slowed down significantly, and buyers have a strong wait-and-see mentality. On the one hand, the export order is better in May, and the steel mill can sell not many orders. On the other hand, due to the continuous negative market decline in April, the buying is more cautious. Because of the high cost of raw materials at that time, the willingness of steel mills to sharply reduce prices for exports weakened. But cold products are still good compared to hot ones.

Export orders are likely to recover in July and August as raw material prices ease. At the end of May, China's hot coil export orders increased in a number of markets under the price advantage. Including Southeast Asia, the Middle East and South America markets. Among them, the Turkish market is receiving a large number of Chinese hot coil offers, Mysteel learned that a 30,000 tons order transaction price of 555-560 US dollars/ton CFR, equivalent to the FOB price of 510-515 US dollars/ton FOB.

After the rise in China's export prices, overseas buyers have followed up to a reasonable extent, and most of China's steel mills have entered the August shipping schedule. The FOB price of SS400 hot rolls increased from $510-515 / ton FOB two weeks ago to $540-550 / ton FOB this week. The export price of cold rolled materials from East China Steel Plant is 555 US dollars/ton FOB, and another 30,000 tons of SPHC orders are sold to Vietnam with a CIF price of 575 US dollars/ton CFR.