China s steel exports this year or the first break billion tons

Photo: CFP

As the world's largest crude steel producer, China is using "along the way" policy of Dongfeng, speed up the local market is digesting capacity turn to overseas.

Customs data show that Chinese exports in 2014 of 93.78 million tons of steel, up jumped 50%, hit a record high. In January-August this year, China exported 71.87 million tons of steel, an increase of 26.5%.

China iron and steel Association Vice President Wang Liqun recently said publicly that China's steel product exports could exceed 100 million tons this year. This is the first time China's steel exports exceeded 100 million tons.

Lange steel information center director Wang Guoqing told interface journalist, currently yield is generally 94%, or 1 ton produced 9.4 million tons of steel billet, according to this calculation, exports 100 million tons of steel, you need at least crude steel consumption of 106 million tons.

This year, China's crude steel production of about 830 million-850 million tons, about 12% crude steel production was digested by overseas markets, "it will no doubt help to alleviate oversupply of domestic tensions. "Wang Guoqing said.

Interface journalists according to Chinese enterprises Federation and China entrepreneurs Association 2015 China top 500 list released statistics, a top 13 (Chongqing iron and steel, jisco hongxing, Hangzhou iron and steel shares 3 year report does not set out in the relevant circumstances, it is not included in the statistics) listed steel exports in the first half and found that, its export revenue totaled 25.273 billion yuan, for 8% per cent of total revenues.

Despite the increase in steel exports due to high prices, steel companies earn money instead.

First half of the year, angang steel (000898. SZ) export revenues of 4 billion yuan, the share of total revenue for 13.8%, two indexes are the first domestic, exported 1.37 million tons of steel, an increase of 290,000 tons and export revenues fell 3.78%.

Baosteel (600019. SH) is no exception, exported 1.147 million tons of steel in the first half, more than 88,000 tonnes last year, export revenues fell 15.3%. Liuzhou iron and steel (601003. SH) decline to 62.27%.

In contrast, export revenues increased by only 3 per cent, which southern steel shares (600282. SH) 87.63% is the highest growth, maanshan iron and steel shares (600808. SH) and Hebei iron and steel (000709.SZ) are 48.68% and 13.86% respectively.

Insiders questioned said China's steel exports are "extensive export", mostly low-value products, lack of competitiveness. China iron and steel Association Deputy Secretary-General, the China metallurgical industry planning and Research Institute President Li Xin did not agree.

"China's export products most though were low value-added products, but the market itself includes high, middle and low gear, there's a market for the product is a good product. "Li Xin said on the interface, under the global market downturn, China's steel exports also bucked upward," shows the quality of Chinese products is good, price is good, service is good, this is a competitive ". Is expected to rank among the world's top three

However, China's steel exports will always remain high, also questioned in the industry. Li Xin believes that trade frictions are the biggest challenges.

Lange steel information research center to screen journalists tracking data shows that in 2014, from 14 countries and regions launched 21 trade remedy investigations against Chinese steel products, 5 on safeguards, countervailing 1, anti-circumvention 1, 12 anti-dumping, countervailing (anti-dumping, anti-subsidy) 2.

The momentum is growing. First 9 months of this year, overseas Chinese steel products trade remedy investigations launched by as many as 29 in the anti-dumping investigation of 22, anti-subsidy investigation 1, "double reverse" investigation of 3, anti-circumvention investigation 3.

To China iron and steel trade remedy investigations launched by countries, more than half of China's top ten steel export countries.

In January-August this year, China's steel export top followed by Korea, and Viet Nam, the Philippines, and Thailand, Indonesia, India, and Malaysia, and Singapore and the United States, and Turkey, a total of 35.94 million tons of steel, China imported, accounting for half of China's total export volume. Of them, Thailand, and India, and Malaysia and the United States, and Turkey and other countries have trade remedy investigations to the Chinese steel products.

"Chinese steel companies cannot get together on the same market. "Said Li Xinchuang, China's steel exports remain largely concentrated in Southeast Asia, Europe and a few countries should be further spread," multi-channel, "policy.

Closely linked to local customers is steel attack required course for overseas markets. "Must be set up in the local Chinese brands, win customers, let them cry for Chinese enterprises, which is conducive to overseas trade remedy investigations against China. "Li Xinchuang said.