The US’s arbitrary tariff actions have led to a tendency for other overseas markets to follow suit. According to SMM’s latest steel mill export scheduling, planned exports in March fell by 3.5% compared to actual exports in February. However, overseas supply has not yet surged, and China’s export order-taking has improved. Therefore, despite the expansion of overseas barriers, the decline in exports has been better than expected. Meanwhile, domestic crackdowns on "fake exports" are strict, with rumors that export declarations will require relevant tax payment certificates starting May 1, leading to a continued "rush to export" phenomenon domestically. According to SMM shipping data, as of April 11, China’s port departures in April totaled 6.2278 million mt. Considering that major export traders and steel mills often set annual export targets, "volume discount" scenarios may still exist even in adverse external conditions. SMM expects steel exports in April to decline slightly from the high base of the previous month, but the decline may be limited! A more significant drop in exports may be seen in May!