Export sales of malleable steel pipe fittings declined in 2022

Export sales of malleable steel pipe fittings declined in 2022

Since the beginning of this year, many foreign customers began to reduce the purchase of malleable steel pipe fittings. There are many reasons for this. First, the exchange rate of foreign customers’ domestic currency against the US dollar is very unstable and depreciates sharply.

Second, the epidemic is also very serious abroad, and sales are down. Such as Venezuela, Mexico, Chile and so on

In addition, the domestic epidemic situation is also very unstable. The epidemic situation is always continuous, and the order completion is also very slow. As a result, foreign customers receive goods very late. Sometimes it takes three months to complete an order.

These are the main reasons why we think the export sales volume has declined.