Related person in China's the General Administration of Customs expressed on April, 10th that China's steel export in the first quarter of 2008 has fell down 19.3%, however with 7.6% year-on-year increase of export amount. China's steel export growth has been effectively curbed, while steel export prices index accelerates.
In the 3rd international forum on the steel market, Mr. Huang Guohua, chairman of Statistics Division of China's the General Administration of Customs pointed out that China's steel export has been under excessive growth ever since the realization of steel product’s net exports in 2006.
China has enhanced the control on steel exports. Since last April's highest record, the steel export growth has slowed down and the growth rate decrease by 63.7% in the last year.
Huang Hua also points out that China's steel export amounts are up, while exports are falling. In the first quarter of this year, the amount of steel exports rises 7.6 percent year-on-year. Customs data showed that, compared to the more stable domestic price index of domestic exports, steel export price index has showed rising momentum. The price index of export steel in this March reached 135, up 35 percent year-on-year.