In October 2024, the export data of domestic stainless steel pipes showed the largest year-on-year growth in Indonesia and the United Arab Emirates-Zhejiang Benji Stainless Steel Co., Ltd

According to customs statistics and Mysteel research reports: 1、 In October 2024, the export volume of domestic stainless steel pipes was about 6.39 tons, an increase of 4743 tons on a month on month basis, an increase of 8.0% on a month on month basis, and an increase of 9083 tons on a year-on-year basis, an increase of 16.6%. Among them: 1. The export volume of stainless steel seamless pipes is about 22200 tons, a decrease of 4.4% month on month and 11.2% year-on-year; 2. The export volume of stainless steel welded pipes is about 26000 tons, an increase of 17.8% month on month and 39.4% year-on-year; 3. The export volume of other stainless steel pipes was about 15600 tons, an increase of 13.3% month on month and 40.9% year-on-year. 2、 From January to October 2024, the cumulative export volume of domestic stainless steel pipes was about 582300 tons, an increase of 60000 tons year-on-year, with a growth rate of 11.5%. Among them: 1. The cumulative export of stainless steel seamless pipes from January to October was 224100 tons, a year-on-year decrease of 0.3%; 2. The cumulative export of stainless steel welded pipes from January to October was 219100 tons, with a year-on-year increase of 19.6%; 3. The cumulative export of other stainless steel pipes from January to October was 139100 tons, with a year-on-year increase of 21.8%; 3、 Summary of export regions for stainless steel pipes In October 2024, the export volume of stainless steel pipes from the top ten regions in Chinese Mainland will be about 32900 tons, accounting for 51.6%; From January to October, the cumulative amount was about 295000 tons, accounting for approximately 50.6%. Among them: 1. This month, exports to Russia amounted to 5100 tons, with a month on month increase of 23.6% and a year-on-year decrease of 6.5%; From January to October, 35500 tons were exported to Russia, a year-on-year decrease of 18.8%. 2. This month, exports to Indonesia amounted to 4600 tons, a decrease of 0.7% compared to the previous month and an increase of 87.5% year-on-year; From January to October, exports to Indonesia amounted to 39700 tons, with a year-on-year increase of 98.1%. 3. This month, exports to South Korea amounted to 3900 tons, a decrease of 2.9% compared to the previous month and a year-on-year increase of 23.6%; From January to October, 36600 tons were exported to South Korea, a year-on-year decrease of 8.6%. 4. This month, exports to the United Arab Emirates amounted to 3800 tons, a decrease of 2.6% compared to the previous month and a year-on-year increase of 44.7%; From January to October, 34900 tons were exported to the United Arab Emirates, with a year-on-year increase of 46.5%. 5. This month, exports to Vietnam amounted to 3300 tons, with a month on month increase of 6.1% and a year-on-year increase of 19.8%; From January to October, 30200 tons were exported to Vietnam, an increase of 14.2% year-on-year. 6. This month, exports to India amounted to 2900 tons, a decrease of 13.1% month on month and 29.8% year-on-year; From January to October, 36900 tons were exported to India, a year-on-year decrease of 3.6%. 7. This month, exports to the United States amounted to 2700 tons, with a month on month increase of 1% and a year-on-year increase of 8%; From January to October, 28100 tons were exported to the United States, a year-on-year increase of 21.1%. 8. This month, exports to Brazil amounted to 2600 tons, with a month on month increase of 152.4% and a year-on-year increase of 14.5%; From January to October, exports to Brazil amounted to 16000 tons, a year-on-year decrease of 2.1%. 9. This month, exports to Thailand amounted to 2200 tons, with a month on month increase of 10.5%. A year-on-year decrease of 1.6%. From January to October, 20800 tons were exported to Thailand, an increase of 7.9% year-on-year. 10. This month, exports to Singapore amounted to 1800 tons, with a month on month increase of 0.4%. The year-on-year growth rate is 44.5%. From January to October, 15900 tons were exported to Singapore, a year-on-year increase of 28%. 11. This month, exports to other regions totaled 30900 tons, with a month on month increase of 8.6% and a year-on-year increase of 19.2%; From January to October, exports to other regions totaled 287700 tons, with a year-on-year increase of 11.2%. This month, Indonesia has returned to its position as the largest export destination. Unless unexpected, Indonesia will undoubtedly become the fastest-growing destination for stainless steel pipe exports from mainland China this year, and has a high possibility of replacing India as the largest export market for stainless steel pipes this year.

Zhejiang Benji Stainless Steel Co., Ltd.,