Insight
China's Steel Exports: A Short-lived Boom
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
China removed the VAT rebate on steel exports in 2021, aiming to discourage exports and align with carbon emission reduction goals. Despite this policy shift, Chinese steel exports rebounded to 91 Mt in 2023, only a little lower than the earlier peak of 112 Mt in 2015. This triggered a series of global trade measures against China, despite which Chinese steel sailed 24% higher in H1 2024. There are an increasing number of questions on the sustainability of these export levels beyond 2024. This insight will help answer the following questions - Whom did China export to and why? What did they export, and at what prices? Will the high export volume be sustainable in the future? Please find the detailed report in the Report downloads section on this page.
Table of contents
- Executive Summary
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Asset Report
Tamano copper smelter
A detailed analysis of the Tamano copper smelter.
$2,250
Insight
Wood Mackenzie 2025 Webinar - Bulks in Flux: from Coal to Green Steel
Navigating global bulk commodity market opportunities and challenges
$1,050
Insight
Tokyo Metals and Mining Briefing 2025
Ferrous market outlook, energy transition, and trade dynamics—key insights from Wood Mackenzie’s Metals and Mining Tokyo briefing.
$1,050
