钢材专题报告：钢材出口的延续性还有多久？

Report Industry Investment Rating - Not provided in the given content Core Viewpoint - Not explicitly stated in the given content Summary by Relevant Catalog China's Steel Exports Remain Resilient - Steel export volume and steel billet export volume are presented in monthly values from 2020 - 2025, showing the trend of steel exports [5][6][7] - There are numerous overseas anti - dumping, counter -vailing, and safeguard measure investigations on Chinese steel products in 2025, covering various steel varieties and many countries and regions [9] - There are also many overseas trade friction cases related to Chinese exported goods in 2025, including anti - dumping, counter -vailing, and anti - circumvention investigations on various products [10] - The destinations of China's direct steel exports include the Middle East (23%), EU 27 countries (5%), the CIS (3%), North America (1%), Africa (18%), South Africa (3%), Southeast Asia (36%), Japan and South Korea (9%), and India (2%) [14] - Data on the aggregated outbound volume from major domestic ports for steel (32 ports) and the outbound volume excluding Taiwan, China are presented from 2020 - 2025 [15][16][21] - The indirect steel consumption of China's commodity exports in 2024, from January to October 2025, and the estimated value for 2025 are provided for various products such as containers, ships, etc., with corresponding year - on - year growth rates [17] - The monthly and annual trends of China's trade surplus cumulative year - on - year growth rate and the global cumulative growth rate of China's exported goods are presented [25][26] - The manufacturing PMI of major world economies such as the US, Japan, the UK, Germany, and France is shown [28][30] - The relationship between the US manufacturing PMI and the 10 - year US Treasury bond yield, as well as the relationship between the average of the European and American manufacturing PMI and China's export amount year - on - year AM3M are presented [31]