In the first 10 months, China's steel industry, major products and raw mater
Source: Information Resources Network
In the first 10 months, China's steel industry, major products and raw materials --- showed net imports trend
This year from January to October, China's steel industry, major products and major raw materials, showed a net import situation. Vice chairman of China Iron and Steel Industry Association analysis of Chang-fu has said that due to slow global economic recovery and demand shrinking, as well as the trend of trade protectionism, China's steel industry, a substantial decline in exports and imports increased, by the end of next year, as well as very difficult to have major changes.
In the iron and steel products, from January to October, China's exports and imports of crude steel equivalent to offset the net imported 40 million tons. From January to October, China's export 18.41 million tons of steel billets, 10,000 tons, equivalent to 19.5951 million tons of crude steel exports, down 66.28%. Over the same period China imported 14.86 million tons of steel billets, 4.19 million tons, equivalent to 19.9885 million tons of crude steel imports, an increase of 38.04%. Chang-fu analysts say domestic steel production will bring high-yield, high-growth, exacerbated by oversupply, business and society will bring about an increase in inventories of steel market price volatility.
In the raw materials, from January to October, China imported iron ore, an increase of 138.35 million tons, an increase of 36.8%. Over the same period of domestic iron ore output of 702.6642 million tons, an increase of 36.0445 million tons. But from January to October, China's output of pig iron to increase iron ore consumption of 88.26 million tons, after a statistical analysis and calculation, more than the actual needs of 63 million tons. Chang-fu, import trade order and chaos, a substantial excess of imports, resulting in a large number of inventory backlog of domestic iron ore ports, shipping from Hong Kong to be too long unloading, shipping prices, eventually leading to industry-wide costs.
Another major raw materials, iron and steel production is a traditional Chinese ferroalloy export item, have also been translated into a net importer situation.