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China Steel Export: Quanity down but price rise

Read:298     Author:admin     Publish Time: 12-03-2018

In 2017, China's steel exports fell sharply, and the average price of exports increased year-on-year, and the export amount was basically the same as in 2016.According to statistics, in 2017, China's exports of steel totaled 75.43 million tons, a year-on-year decrease of 33.10 million tons, down 30.5 percent year-on-year.The average export price was $723 / ton, up $221 / ton.Exports totaled us $54.5 billion, roughly flat year-on-year.

By the end of 2017, China's steel price index (CSPI) was 121.80, up 22% from the end of 2016.CRU's global steel price index is 200.0, up 14% from the end of 2016.Chinese steel prices have risen more than international gains.

"This indicates that the steel market in China has been stable last year, which has driven the recovery of the steel market worldwide.At present, China's serious overcapacity problem has been alleviated.However, the iron and steel industry will be in the phase of the long period, the structural supply oversupply of contradictions.It is also a feature of the global steel industry.China steel industry association, vice President of jingdong late at the meeting pointed out that "in 2018, the GDP growth target of 6.5% in our country, railways, highways, airports, urban construction, automotive, home appliances, engineering machinery, such as steel will be increased.It is expected that in 2018, China's steel consumption demand will remain mainly stable, with a slight increase in probability.

From the perspective of the flow of exports, the number of steel exports to asean, the Middle East, Africa, the eu and other regions has dropped significantly in 2017, with a decline of 40.29%, 42.34%, 32.14% and 35.51% respectively."With the deepening of supply-side structural reform, domestic steel prices have obviously recovered, and domestic and foreign market prices have been inverted, which is the main reason for the obvious decline in exports.In addition, some areas of the heating season are restricted, steel production is down, steel is sold well in China, and the willingness of enterprises to export is not strong.The representative of the enterprise told the China metallurgical daily and China steel news.


"The pace of appreciation of the RMB has been faster and has also played a certain role in the export of steel in China."The representative said.As of March 30, the dollar was trading at 6.2881 yuan, up 9.35% from the end of 2016.

In addition, trade friction is also an important factor affecting steel exports.The personage inside course of study says, in recent years, the iron and steel trade dispute reflects three characteristics: one is the protected variety comes to trade, anti-dumping, countervailing, safeguard measures, including the United States "337 investigation" and "232 investigation", the temporary tariff measures, such as license, import registration.Second, the number of cases is high.Steel products have become a "disaster area" of trade relief investigation, which accounts for a large proportion of the total number of cases in China.Third, the export market is complicated, which is reflected in the number of products under investigation, the number of countries and regions that initiated the investigation, the complex product range, and the complicated method of settlement.

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