The reporter learned from the information conference of the China Iron and Steel Industry Association held on the 28th that in the first three quarters, China's cumulative steel exports reached 60.60 million tons, a year-on-year increase of 3.4%; the export price was $1,116 per ton, a year-on-year decrease of 1.3%, but still 3.1% higher than the domestic steel price during the same period; the cumulative export value was $67.68 billion, a year-on-year decrease of 1.6%.

The cumulative import of steel amounted to 10 million tons, a decrease of % year-on-year; the import price averaged $ per ton, down by .% year-on-year. The net export of crude steel, when converted, reached 10 million tons, an increase of .% year-on-year.

According to the monitoring of the China Iron and Steel Association, in the first three quarters, the average value of the China Steel Price Index was . points, down .% year-on-year. Among them, the average value of the long product index was . points, down .% year-on-year; the average value of the plate product index was . points, down .% year-on-year. In the first week of October, the index fell to . points, the lowest level in recent years.

In the first three quarters, the average import price of iron ore in China was $XX/ton, down XX% year-on-year, with a significantly smaller decline compared to the drop in steel prices.

Jiang Wei, Vice President and Secretary-General of the China Iron and Steel Association, stated that the characteristics of the steel industry entering the "stock optimization" stage are becoming increasingly evident. Steel production has slightly declined, domestic demand intensity has further weakened, the drop in apparent crude steel consumption has exceeded the drop in production, supply and demand imbalances are prominent, steel prices remain low, steel exports have increased, and the industry's profit has significantly decreased year-on-year, influenced by factors such as the difficulty in reducing raw material prices. The industry's operation continues to present a situation of "three highs and three lows": high production, high costs, high exports, low demand, low prices, and low efficiency.

China's steel exports have remained at a high level, drawing attention from the international market. The number of trade remedy original cases against China has significantly increased, currently reaching a certain number, with the annual total expected to exceed that of the previous year, surpassing the total of trade remedy original cases from the year before last. Canada, which has a small volume of steel imports from China and a low market share, has disregarded World Trade Organization rules and plans to impose an additional % tariff on Chinese steel. There is a clear sign of rising international trade protectionism targeting Chinese steel products, with various forms of trade barriers being rapidly constructed. The risks and challenges facing steel exports are accumulating.