October before imports 400,000 tons of steel will lead to a net steel fluctuatio
Steel Substantial decline in the export sector, increased imports of the situation by the end of next year as well as significant changes difficult. Domestic steel production yield can bring high-growth, exacerbated by oversupply, business and society will bring about the increase in inventories of steel market price fluctuations
This one? In October China's steel industry, major products and major raw materials showed a net import situation. Vice President of China Iron and Steel Industry Association, said Zhang Changfu analysis, as the global economic recovery is slow and demand shrinking, and the trend of trade protectionism, China's exports of iron and steel industry, a substantial decline in the trend of increased imports by the end of next year as well as significant changes difficult. This is the news from 2010, held in Ningbo, China Metallurgy Charge exchange of information learned in the Trade Fair.
In iron and steel products, 1? In October China's exports, imports offset a net import of 400,000 tons of crude steel equivalent. 1? October China exported 18.41 million tons of steel, billets, 10,000 tons, equivalent to exports of 19,595,100 tons of crude steel, down 66.28%. Over the same period China imported 14.86 million tons of steel, billets, 4.19 million tons, equivalent to imported 19,988,500 tons of crude steel, up 38.04 percent. Zhang Changfu analysis said that domestic steel production yield can bring high-growth, exacerbated by oversupply, business and society will bring the increase in inventories of steel market price fluctuations.
In raw materials, 1? In October an increase of Chinese imports of 138.35 million tons of iron ore, up 36.8%. 702,664,200 tons of domestic iron ore production over the same period, an increase of 36,044,500 tons. The 1? October output of pig iron to increase iron ore consumption in China was 88.26 million tons, after statistical analysis and calculation, 63 million tons more than the actual demand. Zhang Changfu said imports disorder, a substantial excess of imports, resulting in a large number of inventory backlog of domestic iron ore port, shipping from Hong Kong to be too long unloading, shipping prices, leading to industry-wide costs.
Another major raw material of steel production is a traditional Chinese ferroalloy export items, now also translated into a net import situation. According to customs statistics, 1? In September China's total exports of ferroalloys 945,800 tons, down 63.28%. Which ferrosilicon, manganese, niobium, iron and other bulk alloy products exports decreased by 75.12% year on year, 90.14%, 56.49%. The 1? In September China's import volume of iron alloy products grew 85.62%, the alloy is expected this year's imports will reach the highest level in recent years. China Ferroalloy Industry Association, LIU Wei-guo, said the changes are mainly due to Financial Crisis, the international demand for ferroalloy market plummeted, the international market prices lagged behind the national Sell Price; the same time to continue this year, China exported 20% of the ferroalloy? 25 percent of high tariff rates, low demand and low prices in a market context, leading to exports are dwindling.
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