At present, domestic steel industry is in difficulties. The monthly export of steel products could reach several hundred thousand tons in the first half year, which dropped drastically since September, when the export was only 40,000 tons, while the export situation in October was more severe.
Latest figures from China Customs showed that domestic steel export was 6.67 million tons in September, down 1.01 million tons from August. Although the export decline in September was far lower than the previous expectation, all held that the export in October and November will fall sharply.
Analysts of steel industry pointed out that the export data in September was carrying out the contract of July and August, when the international economic situation was not the worst and demands from Europe and America had no obvious shrink. In the fourth quarter this year, steel export from China may face more tough situations.

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