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CHINA TO EXPORT 73 PERCENT OF ITS INCREASED STEEL OUTPUT THIS YEAR-金属板材展-线材展-金属加工展-plate metal expo-wire expo
8/14/2014 金属板材展-线材展-金属加工展-plate metal expo-wire expo |
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MEPS (International) Ltd. has made an upward revision to its
previous prediction for total exports of all finished steel products in 2014.
The final figure will be a new record high of, at leas  t, 80 million
tonnes, and represent the fifth consecutive year of rising sales to the global
market.
Total reported crude steel output is expected to rise from 783.5
million tonnes in 2013 to 810 million tonnes this year. This would translate
into 24 million tonnes of extra supply of finished steel products for sale by
the steelmakers in 2014. Just 27 percent (6.5 million tonnes of the increased
production of steel) is likely to find its way on to the domestic market this
year.
With China’s apparent consumption of finished steel, in 2014,
expected to be approximately 740 million tonnes, the extra local mill supply
will represent less than 1 percent of the total market.
It is clear
that, by concentrating their sales efforts on exports, the steelmakers have
eased some of the pressure which has been developing on the domestic market from
oversupply. This exercise has not been a complete success because weakening
demand has pushed average selling values down by almost RMB200 per tonne (5
percent) since the start of the year.
At the same time, the
competitively priced exports from China have contributed to a reduction in
domestic prices in many other parts of the world. 金属板材展-线材展-金属加工展-2015第十六届广州国际金属板材、棒材、线材及金属加工、配套设备展—全球三大金属展之一巨浪展览-THE 16thGUANGZHOU INTERNATIONAL PLATEMETAL,BAR, WIRE, METAL PROCESSING & SETTING EQUIPMENT EXHIBITION |
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