SMM Hot Topic: China's Steel Exports Projected to Surge 22.7% YoY in 2024, Leading Vietnam Exports Amid Global Growth

SMM Hot Topic: (Review and Outlook of Steel Exports by Region) China's Steel Exports Are Expected to Grow 22.7% YoY in 2024, Maintaining a Leading Position in Total Exports to Vietnam

From the perspective of six global continents, China's steel exports in 2024 are expected to grow YoY across all regions. Africa is projected to have the highest growth rate at +33.09%, with a cumulative export volume of 13.2162 million mt. South America follows with a YoY growth of +31.18% and a total volume of 9.9179 million mt. Asia ranks third in YoY growth at +23.02%, but with a cumulative total of 75.3089 million mt, it holds the top position in export volume.