The main markets for China’s steel exports include:
- Asia:
- ASEAN countries: such as Vietnam, Thailand, Indonesia, Malaysia, etc. In recent years, China’s steel exports to ASEAN countries have grown rapidly. The infrastructure construction demand in ASEAN regions is strong, and the manufacturing industry is also constantly developing, resulting in a large demand for steel.
- Middle Eastern countries: such as the United Arab Emirates, Turkey, Iran, etc. The construction and energy industries in the Middle East are developing rapidly, and the demand for steel continues to grow. Moreover, some countries in this region have limited steel production capacity and rely on imports to meet their needs.
- Africa: Some African countries such as Egypt and South Africa are also important markets for China’s steel exports. Africa’s infrastructure construction and industrial development have a certain demand for steel. And with the gradual development of the African economy, the potential demand for steel is large.
- Latin America: Countries such as Brazil are the main markets for China’s steel in Latin America. Brazil’s construction and manufacturing industries have a certain demand for steel. Chinese steel products occupy a certain share in the Latin American market with advantages in price and quality.
In addition, countries along the “Belt and Road” are also an important direction for China’s steel exports. With the advancement of the “Belt and Road” initiative, infrastructure construction and other projects in countries along the line are continuously carried out, providing a broad market space for China’s steel exports.
