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Overseas traders generally believe that devaluation could lead to further price decline in China's steel exports. Although Asia's hot rolled market remained stable, the general specifications HRC 312-318 US dollars / ton (FOB), but there is a certain decline in space. Cold roll temporarily stabilized after some time ago began to weaker turnover of $ 350-355 / ton (FOB). Some buyers do not orders remain on the sidelines, it orders the buyer to reduce the possibility of loss, seek spot purchases or resources shipped soon. Cold rolled prices also weakened with the EU, Pakistan's anti-dumping investigation of cold roll, as well as US mills requesting an investigation to some extent.

Despite the devaluation could cause export prices, export advantageous, but domestic traders learned that export prices will not have a more substantial decline, due to devaluation makes imports of iron ore increased costs, and the current steel exports have is profit.

Devaluation impact on steel exports this year to stimulate Yihuo limited, Chinese export prices in the international market has been highly competitive, export volume has remained high. Latest customs data show that in July this year, China's steel exports 9.73 million tons, growth of 9%, an increase of 21%. January to July, China's total exports of steel 62.13 million tons, an increase of nearly 27%.