In May 2019, the export volume of steel increased in hunan

According to changsha evening news, the reporter learned from changsha customs that from January to May 2019, hunan exported 760,000 tons of steel, up 80.5% year on year.It is worth 4.57 billion yuan, which doubles;The average export price was 6010.2 yuan per ton, up 10.9 percent.

The rise in the price of iron ore, the raw material, has boosted steel prices.Industry data show that the major iron ore disaster in Vale, one of the four largest iron ore companies in the world, caused the annual production of iron ore to shrink by 60 million to 70 million tons, while the price of iron ore increased by more than 60% to 100 dollars per ton from 60 dollars per ton, reaching a five-year high.

For a long time, South Korea is the largest export market of hunan steel, the main export products for shipbuilding plate.With the recovery of South Korea's shipbuilding industry, hunan exported 124,000 tons of steel to South Korea in the first may, up 217% year-on-year, accounting for 16.3% of hunan's total steel exports in the same period, greatly boosting the growth of hunan's steel exports.

At the same time, "One Belt And One Road" stimulates new steel export market, hunan steel enterprises ushered in new opportunities."One Belt And One Road" countries along the existing infrastructure backward status, in the face of infrastructure construction in China's steel demand increased, hunan steel enterprises rely on the "One Belt And One Road" strategy, actively expand the market along the countries, the effect is significant.Currently, the uae has become the second largest destination for steel exports in hunan province, and exports to Algeria, Kuwait, myanmar, Nigeria and other countries have doubled. 

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