Tel :
Tel :
It has been a week since the announcement of the US A871 Type I Grade 65(450) steel election results, and if Trump imposes tariffs of 60% or higher on Chinese industrial products, China's 12.78 million tons of indirect steel exports will face risks. The United States accounts for less than 1% of China's direct exports of steel A871 Type I Grade 65(450) steel products. However, industries such as containers, vehicles, and household appliances may be severely affected by potential tariffs. After Trump imposed tariffs on some products during his first term in 2018, the value of Chinese steel exports such as ships and floating structures decreased by more than 50% between 2019 and 2022. China's steel exports in October 2024 increased by 10.1% month on month, reaching 11.18 million tons, the highest level in 9 years. Compared to October 2023, the shipment volume has increased by 40.8%. From January to October this year, China A871 Type I Grade 65(450) steel exported 91.89 million tons of steel (a year-on-year increase of 23.3%), which has exceeded the total export volume in 2023 and is the highest level since 2016.
