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• Cost and Price Advantages
  • Low Production Costs：China is rich in resources such as coal and iron ore necessary for steel production. Although the country is highly dependent on imported iron ore, it has established a relatively stable raw material procurement and supply system in the long-term industrial development, which to some extent ensures the stability of raw material supply and cost control. Meanwhile, China has abundant labor resources with relatively low labor costs and high labor productivity, making the labor cost of steel production globally competitive3.
  • Significant Scale Effects：As the world’s largest steel producer, China has a huge steel industry scale. Large-scale production enables steel enterprises to achieve economies of scale in procurement, production, sales and other links, reducing unit costs. For example, when purchasing raw materials, large-scale procurement can obtain more favorable prices and better procurement terms; in the production process, equipment and technology can be more fully utilized to improve production efficiency and reduce production costs, thus having a price advantage in the international market3.
  • Convenient Logistics and Transportation：There are many large steel enterprises and professional port terminals in China’s coastal areas, which have good sea transportation conditions and can quickly and conveniently transport steel to all parts of the world. At the same time, with the continuous improvement of domestic transportation infrastructure, steel enterprises in inland areas can also transport steel to coastal ports efficiently through various transportation modes such as railways and highways, further reducing logistics costs and improving the convenience and competitiveness of exports3.
• Technology and Quality Advantages
  • Advanced Production Technology：In recent years, China’s steel industry has made great progress in technical equipment level and production process. It has introduced and independently developed a large number of advanced steel production technologies and equipment. The wide application of processes and equipment such as large blast furnaces, converters, continuous casting and rolling has enabled Chinese steel enterprises to produce high-quality, high-precision and high-performance steel products, meeting the needs of different customers in the international market. For example, in the fields of high-strength alloy steel, stainless steel, automotive steel, electrical steel and other high-end steel, the production technology and product quality of Chinese enterprises have reached or approached the international advanced level3.
  • Improved Product Quality：Chinese steel enterprises continue to strengthen quality management by establishing a complete quality management system and quality inspection means to strictly control product quality and improve product stability and reliability. At the same time, with the continuous improvement of environmental protection requirements, steel enterprises pay more attention to energy conservation, emission reduction and cleaner production in the production process, and the environmental protection performance of steel products has also been significantly improved, meeting the international market’s demand for green and environmentally friendly steel and enhancing the competitiveness of Chinese steel in the international market3.
  • Enhanced R & D and Innovation Capability：China’s steel industry has increased investment in R & D and innovation, established a number of national and enterprise-level R & D centers, and actively carried out research and development of new materials, new technologies and new processes. Important breakthroughs have been made in some frontier fields, such as high-performance composite materials, special steel grades and intelligent technology for steel production, providing more high value-added and differentiated products for China’s steel exports and enhancing its competitiveness in the international market.
• Industrial Policy and Market Advantages
  • Supportive Industrial Policies：The state has introduced a series of policy measures to support the development and export of the steel industry. For example, it provides preferential policies in terms of taxation, credit and export tax rebates to encourage enterprises to expand exports. At the same time, the government actively promotes the structural adjustment and transformation and upgrading of the steel industry, eliminates backward production capacity, optimizes the industrial layout and improves the industrial concentration, creating a good policy environment for the development and export of steel enterprises3.
  • Strong International Market Demand：With the recovery and development of the global economy, especially the continuous advancement of infrastructure construction in countries along the “Belt and Road” and emerging economies, the demand for steel continues to grow. As the world’s largest steel producer and exporter, China can meet the needs of the international market in a timely manner, providing a broad market space for China’s steel exports. For example, countries in Southeast Asia, Africa and South America have a large demand for steel in infrastructure construction and manufacturing development, and Chinese steel has occupied an important share in these regional markets with its high quality and low price advantages3.
  • Well-established Trade Network：In the long-term steel trade, China has established extensive trade cooperation relations and a perfect sales network with countries all over the world, and has accumulated rich trade experience and customer resources. Chinese steel enterprises can adjust product structure and marketing strategy in a timely manner according to the market needs and characteristics of different countries and regions, provide personalized products and services, and enhance the adaptability and competitiveness of Chinese steel in the international market.