Heyixin Research: Two Supports for China's Steel Exports in Winter

China's exports continued to exceed expectations in August this year. According to statistics, in the first eight months of this year, my country's exports (RMB) increased by 15.2% year-on-year, of which exports increased by 12.8%. In the export of goods, the national export of steel products in August was 6.653 million tons, a year-on-year increase of 21.8%. While the month-on-month decrease, the year-on-year growth rate continued to increase significantly. From January to August, my country exported 45.825 million tons of steel, a year-on-year decrease of 3.9%, and the year-on-year decline narrowed by 3 percentage points. In 2022, it is increasingly likely that China's steel exports will turn to rise.