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The exports of Liuzhou’s steel products surges in the first 5 months
Date:2016-06-19 By:Guili Su;Yang Yang Source:Liuzhou Daily

According to the Liuzhou Customs statistics, the exports of Liuzhou’s steel products surged and accumulated to 229,000 tons from January to May this year, up 8.2% YOY; the value of exports reached to 420 million yuan, increasing by more than 5.1 times YOY.

The main export commodities in Liuzhou steel market are hot rolled alloy steel coil and hot rolled alloy steel. The mean price is 1836 yuan per ton, and the decline has increased by 3 percent than that of the previous 4 months’ mean price.

Vietnam is the main exporter and the exported steel has reached to 200,000 tons with an increase of 7.2 times, which accounted for 87.1% of Liuzhou’s whole steel export volume.

Vietnam is now increasing the infrastructure investment including constructing hydroelectric station and has an increasing demand for steel. These are known as the reasons for the surging exports of Liuzhou’s steel to Vietnam. Liuzhou has grasped this very opportunity to relieve the inventory pressure of steel manufacturers. With the implementation of regional customs clearance integration, the customs has taken several facilitation measures including customs declaration priority and paperless customs clearance for import and export enterprises to lower the cost of exploring overseas market, thus to stimulate the situation of foreign trade import and export to revive. The clearance lines of Liuzhou enterprises declaring at Liuzhou Customs have obviously increased.

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