2016 China to The Belt and Road national iron and steel exports totaled 63 million 790 thousand tons, an increase of 3% compared to 2015, while exports The Belt and Road foreign countries and regions totaled 44 million 640 thousand tons, down 11%. Thus, The Belt and Road national steel demand situation is better than other regions, the proportion of China total exports increased from 55% in 2015 to 59%.

    Specifically, Vietnam, Philippines and Thailand are the three largest exporters of steel, and their exports are 11 million 660 thousand tons, 6 million 510 thousand tons and 6 million 210 thousand tons, respectively, an increase of 15%, 16% and 31% respectively. Exports to India, Turkey and Iran have declined markedly, mainly because of higher production capacity and lower import volume in these countries. Vietnam's new production capacity this year is also more, is expected to export Vietnam this year will be more obvious decline.