At the seventh meeting of the sixth General Assembly of the China Iron and Steel Association held in Beijing on January 20, the Iron and Steel Association said that in 2024, China's steel exports increased, equivalent to about 113 million tons of crude steel net exports, an increase of 31.5%, reaching the highest level in history.
The person in charge said that in 2024, China's cumulative exports of steel 111 million tons, an increase of 22.7%; Equivalent crude steel net exports of about 113 million tons, an increase of 31.5%, reaching the highest level in history.
The person in charge also said that in 2024, the world economy will continue to recover moderately, but under the intertwined influence of factors such as deepening supply chain restructuring, risk factors such as unbalanced development and increased uncertainty are more prominent, the global economic growth momentum is insufficient, and the recovery of steel demand is less than expected. The World Steel Association's latest forecast shows that a recovery is expected in 2025, with an increase of 1.2% year-on-year to 1.77 billion tonnes.
