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Analysis of Chinese steel exports to ASEAN by lee ryan

Article Author Biography
Analysis of Chinese steel exports to ASEAN by
Article Posted: 10/14/2013
Article Views: 658
Articles Written: 223
Word Count: 749
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Analysis of Chinese steel exports to ASEAN

Business News,Import - Export,New to the Internet
ASEAN market demand for steel strong, but due to the local iron and steel industry is weak, the ASEAN countries mainly rely on imports to meet demand of steel. 2012, ASEAN surpass South Korea to become China's largest steel exporter. 2013 January-July Chinese steel exports to ASEAN situation Latest Customs statistics show, 2013 January-July, China's steel exports mainly flow to Korea and ASEAN countries, China's steel export volume of the top ten countries, ASEAN countries accounted for 6, South Korea is still ranked first. In the first seven months, China's steel exports reached 35.84 million tons, an increase of 13.7%. In which ASEAN exports of steel totally reached 9.58 million tons, an increase of 34 %, accounted for 26.73% of China's total steel exports. Apart from January, Chinese steel exports to ASEAN monthly volume more than 1 million tons. Which in March due to seasonal factors export reached 1,789,200 tons, then export volumes declined. July, ASEAN exports to China of steel capacity fell to 1.167 million tons. Look from the National, Vietnam as 2.15 million tons of total amount exceed Thailand to become China's largest steel exporter in ASEAN. Followed by Thailand and Singapore, Chinese steel imports are 1.5 million tons or more. While the number of steel exports to Indonesia, Philippines and Malaysia are exceeded one million tons. The number of steel export to these 6 countries accounted for 92.6% of total steel exports to ASEAN. Analysis of Chinese steel variety exports to ASEAN Chinese steel exports to the ASEAN still dominated by sheet, followed by the wire rod, angle profiles and tubes. Specifically, China exported 3.89 million tons of plates to ASEAN, accounted for 40.61% of total steel; exports of wire rod is3.41 million tons, accounting for 35.61 percent; Exports of angle profiles and tubes were 1.04 million tons and 80 million tons, accounting for 10.89 % and 8.38% of total exports. Major countries of ASEAN steel market situation Currently, the ASEAN countries of the steel market are still in short supply. 2011, six major ASEAN member states Vietnam, Malaysia, Thailand, Indonesia, the Philippines and Singapore of crude steel production reached 20.65 million tons, an increase of 5%, which the year's steel consumption rose to 54 million tons, an increase of 7%. ASEAN steel consumption increased primarily from rapid growth in imports. 2012, ASEAN steel imports rose 8 percent to 36.9 million tons, of which more than 80% of imported steel use for construction and shipbuilding industries. Japan, China, Korea and Taiwan is still the main importing countries of ASEAN steel market. In 2010, with China - ASEAN Free Trade Area officially launched China and 10 ASEAN countries started to enter the era of zero tariffs, which making Chinese exports to ASEAN of steel varieties increase sharply. In ASEAN total steel imports, the proportion of Chinese products increased year by year. 2009, China's total imports of steel in the ASEAN accounted for only 10%, in 2010 this proportion rose to 17%, and in 2011 further increased to 23%, making China to be ASEAN's second largest steel importer. South East Asia Iron and Steel Institute (SEAISI) data show, 2012, ASEAN imports longs from China soared more than 2 times of the number. China, as ASEAN's largest profiles importing country, the number of profiles exports to ASEAN increased 70% last year. The wire rod imports from China also rising more than twice to 100 million tons. The main importer of hot-rolled sheet is China, but last year the number of hot-rolled plates only rose 3 percent, maintained at 100 million tons. In recent years, the construction industry of ASEAN countries is rapidly develop, the increasing demand for building materials and the market potential is huge. In which proportion of steel consumption in the Philippines reaches 81%, Malaysia and Singapore are also accounted for more than 70%. Steel trade friction between ASEAN and China to upgrade ASEAN officially surpass South Korea last year, becoming China's largest steel export zones. At the same time, ASEAN is also changed to major sponsors for the Chinese steel products trade remedy investigations. In the context of the global economic downturn, the national steel demand reduced and excess supply. In order to protect the profit of domestic steel industry, since 2013, the ASEAN countries against China initiated steel trade protection measures intensified. Ontrend Industrial Limited is high quality Carbon Steel Pipe, Steel Section and Steel Wire supplier in China, if you have any need, please feel free to visit our website.

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