The latest iron alloy commerce down turn in both yield and trade items
China Steel Industry Association appear that production within the former halves of the inform, within morning March 2009 daily medium crude iron production decrease 130,000 tons. In morning March this year, the national daily medium crude iron production evaluates for 1.378 million tons, within late February than 1.51 million tons daily output collapsed via 132,000 tons. This is the year of crude iron by-year calculation of medium daily production of the former deteriorate within iron prices is the outcome of re-production. In 2008 as a outcome of production, as well as the tall base within the equivalent period is expected within March 2009 year-on-year increases rate of crude iron production via 1,2 months of damning increases towards positive growth.
By the decline in the exchange rate as well as the impact of foreign demand for domestic steel exports decline. February steel exports 1.56 million tons, down 50% year-on-year, 18 percent lower than Central. February domestic crude steel (steel billets) Net export only about 200,000 tons. Export situation is grim.
According to the newest Customs statistics, China's trade items in March of iron alloy 1,670,000 tons, an boost in February than 120,000 tons, while 59.76 per hundred year-on-year down turn, but increased 7 per hundred more than Central. March iron alloy 400,000 tons of snare trade items, better than market expectations. Although the latest European Union and the United States likes to household iron alloy goods to certain anti-dumping enquiry, but the trade items to the United States and the European Union are very couple of iron alloy (total 10-20 million tons / month), anti-dumping will not origin farther worsening in exports.
The second halves of 2008, also towards Japan, the principal iron exporting countries currencies against the U.S. dollar exchange rate are different degrees of devaluation of the RMB exchange rate maintained a relatively stable and the U.S. dollar, resulting within China's iron products within foreign markets, a notable pricing advantage decline. As a core competitive advantage of the loss of inexpensive, is the latest of the primary causes the notable downturn within exports.
Low prices, high cost of steel is the core competitiveness of exports, but due to exchange rate fluctuations and the cost of scrap steel dropped significantly in 2008 for foreign products is no longer a significant price difference, making the domestic iron and steel enterprises have lost business exports the competitiveness of the economy of steel which is the main reason for the significant downturn in exports. - 2368
By the decline in the exchange rate as well as the impact of foreign demand for domestic steel exports decline. February steel exports 1.56 million tons, down 50% year-on-year, 18 percent lower than Central. February domestic crude steel (steel billets) Net export only about 200,000 tons. Export situation is grim.
According to the newest Customs statistics, China's trade items in March of iron alloy 1,670,000 tons, an boost in February than 120,000 tons, while 59.76 per hundred year-on-year down turn, but increased 7 per hundred more than Central. March iron alloy 400,000 tons of snare trade items, better than market expectations. Although the latest European Union and the United States likes to household iron alloy goods to certain anti-dumping enquiry, but the trade items to the United States and the European Union are very couple of iron alloy (total 10-20 million tons / month), anti-dumping will not origin farther worsening in exports.
The second halves of 2008, also towards Japan, the principal iron exporting countries currencies against the U.S. dollar exchange rate are different degrees of devaluation of the RMB exchange rate maintained a relatively stable and the U.S. dollar, resulting within China's iron products within foreign markets, a notable pricing advantage decline. As a core competitive advantage of the loss of inexpensive, is the latest of the primary causes the notable downturn within exports.
Low prices, high cost of steel is the core competitiveness of exports, but due to exchange rate fluctuations and the cost of scrap steel dropped significantly in 2008 for foreign products is no longer a significant price difference, making the domestic iron and steel enterprises have lost business exports the competitiveness of the economy of steel which is the main reason for the significant downturn in exports. - 2368
posted by Frank Potter at 1:07 AM
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