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Himfr com Reports China Iron and Steel Association, expects 80% decline in steel exports by big tree
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Himfr com Reports China Iron and Steel Association, expects 80% decline in steel exports by BIG TREE
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| Article Posted: 03/22/2010 |
| Article Views: 770 |
| Articles Written: 1033 - MORE ARTICLES FROM THIS AUTHOR |
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Himfr com Reports China Iron and Steel Association, expects 80% decline in steel exports |
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China Products, and my work is to promote a free online trade platform. http://www.himfr.com/ contain a great deal of information about portable laptop stand,aluminum tool boxes,used glass machinery, welcome to visit! ">China Iron and Steel Industry Association, the Secretary-General Shan Shanghua recently executive director of China Iron and Steel Industry Association, part of the unit of production and operation of the forum pointed out that the first two months of this year, the steel industry is run there are some new problems, it is worth the entire industry out of heavy blows deft hand to reverse the situation . China Steel Association expects this year's steel exports to fall 80%. 50% reduction compared with the original forecast is much larger. Could become a net importer of steel in March Referring to the first two months of this year, when the steel operations, single-Shang-Hua pointed out that the rapid growth of steel production, greatly exceeding the market demand. The average daily output of crude steel last year, even up to the average daily production level. The development of the situation is worrying. 1 ~ 2 months, not only the release of SME capacity is too large, medium and large enterprises to resume production is also too fast, especially from the development trend, in February, Nissan is higher than in January. In late February, Nissan steel level equivalent to the level of 550 million tons annual production of steel. This extraordinary and irrational imported ore production has resulted in high levels of serious consequences. Ore imports in January reached 32.65 million tons, in February ore 46.74 million tons of imports, import prices also pulled more than 10 U.S. dollars, enterprises do not yield efficiency, production and sales rate has dropped, prices have fallen sharply, the market supply and demand intensified, under immense pressure. As the iron and steel production capacity of non-rational recovery, lack of market demand, inventory adjustment appears early relapses, a significant increase in inventory. At the same time, the sharp decline of international market demand, leading to a substantial decline in steel exports. In March is likely to be a net importer of steel. In terms of price, the steel roller coaster ride. In mid-February, due to rapid growth of production, inventories rise, sales order and chaos, the price continued to fall in early March has dropped to 1994 price levels. From October 2008 since the iron and steel enterprises have 4 consecutive months, industry-wide loss of 71 large and medium sized enterprises amounted to a loss of iron and steel production reached 48.8 billion yuan. Several large enterprise losses increased. In particular, the production company a loss of 400 million board ~ 3 billion yuan. Hot-rolled sheet is very conspicuous contradictions in excess, has a direct impact on the recovery of economic efficiency of enterprises must be taken to limit production and protect the price research replacement narrowband, medium broadband, the development of new market. Number of measures to deal with the challenges Shan Shang-Hua pointed out that the first half of the steel industry's most difficult period. Steel is an intermediate product, can not be in the downstream steel industry has not warmed up first the case of recovery, must have a sober understanding. Need to enhance our awareness, objective analysis of the situation, and actively respond to challenges. "The world steel output 1 in February fell 24 percent, excluding the China factor, down about 40%, such a grim situation must be fully aware." Shang-Hua Shan said. Shan Shang-Hua to make a few responses. For excess capacity, particularly in hot-rolled coils serious excess capacity must be taken to protect the price of measures to limit production. Increase the degree of elimination of backward production capacity, strict control of total production. On the export side, need to adjust steel export policies to enhance export of high value-added tax rebates. Cold-rolled steel products in China is only 5% tax rebate, hot-rolled to zero, with the similar foreign products cost-competitive than those without. In addition, the fair tax burden, and actively expand the domestic market, effective demand. At present, the processing trade enterprises incoming feed on the importation of steel products exempted from tariffs and import link value-added tax, while the domestic steel with 17% value-added tax levied, so that the high cost of domestic steel products due to tax and can not enter the processing trade markets. Should be resumed as soon as possible into the steel processing trade enterprises to implement Miandi Tui 17% value-added tax policies, or processing trade enterprises should be implemented as soon as possible to restore tariffs on steel imports and import value-added tax policy. In addition, foreign steel billet import prices low, the trend showed a significant increase in imports, China Steel Association would recommend that the relevant state departments to take anti-dumping investigations and other means to curb the impact of imports. I am a professional editor from China Products, and my work is to promote a free online trade platform. http://www.himfr.com/ contain a great deal of information about portable laptop stand,aluminum tool boxes,used glass machinery, welcome to visit!
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