SMM Steel Export Report: October Surge, November Decline Amid De-globalization Concerns

[SMM Steel Import and Export Report: Impacts of De-globalization Emerge - Will Steel Exports Maintain High Levels in November?]

According to SMM shipping data, steel exports in October amounted to 12.6233 million tonnes, an increase of 1.8871 million tonnes or 17.58% month-on-month. Furthermore, the latest steel mill export order data from SMM indicates that export order intake for November is generally moderate. Geopolitical conflicts, trade frictions, and high debt levels remain uncertain obstacles hindering global economic recovery. The pace of economic recovery continues to diverge across different regions. To protect domestic enterprises, some countries have raised the banner of anti-dumping measures extensively, signaling the onset of de-globalization, which in turn affects China's finished steel exports. Therefore, it is expected that steel exports in November will decline slightly compared to October...