According to the latest statistics from the General Administration of Customs, China's steel pipe (including steel) exports in 2024 showed a significant growth trend. In particular, in October 2024, China's steel (including steel pipe) exports reached 11.182 million tons, a year-on-year increase of 40.8%, an increase of 14.9 percentage points from the previous month. Cumulatively, from January to October 2024, China's total steel exports reached 91.893 million tons, an increase of 23.3% over the same period last year. These data fully demonstrate that the competitiveness of China's steel pipes and steel products in the international market is constantly increasing.

Factors behind export growth

1. Global economic recovery drives demand

As the global economy gradually recovers from the epidemic, especially the increase in investment in infrastructure construction, manufacturing and energy projects in emerging economies and developing countries, the international market demand for steel pipes and steel has increased significantly. The rapid development of Southeast Asia, South America and other regions has provided a broad market space for China's steel pipe exports.

2. Obvious price competitive advantage

Chinese steel pipe manufacturers have made their products have a strong price advantage in the global market by optimizing production processes, reducing manufacturing costs and improving product quality. For example, in terms of hot-rolled coils, China's export quotations are lower than those of major competitors such as India, Turkey, and the CIS, attracting more international buyers.

3. Policy support and trade facilitation

The Chinese government has introduced a series of policy measures to promote the development of foreign trade, such as simplifying approval procedures and providing tax incentives, creating a good business environment for steel pipe exports. At the same time, the in-depth promotion of the "Belt and Road" initiative has also promoted trade between countries along the route, further broadening the overseas market channels for Chinese steel pipes.

4. Enterprises actively explore new markets

Faced with a complex international trade environment, Chinese companies have adopted a diversified market development strategy, not only consolidating their share of traditional markets, but also actively exploring emerging markets such as Africa and the Middle East. Some leading companies have improved their brand awareness and service levels by establishing overseas branches or establishing close ties with local partners.

5. Technological innovation promotes industrial upgrading

In order to meet the special needs of different customers, some Chinese companies have increased their R&D investment and developed products with high added value and technological content, such as corrosion-resistant steel pipes, high-strength alloy steel pipes, etc., which have enhanced the market competitiveness of their products.