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November exports of 2,950,000 tons of steel this year, hit a new low
| Time：[2008-12-11] Read[218] | Yesterday, the Customs and Excise Department released the latest data show that in November, China's steel exports 2,950,000 tons, the chain dropped 1,670,000 tons, a record low this year; billet exports 30,000 tons, the ring fell more than 80,000 tons. The first 11 months of a total of 56,060,000 tons of steel exports, fell 3.2 percent, billet 1,270,000 tons, up 79.8 percent decline.
In addition, in November China's steel imports 1,030,000 tons, up 15% decline; 32,520,000 tons of iron ore imports, the increase in the ring than 1,900,000 tons, up 8.3 percent decline.
Metals analyst at the Joint HU Yan-Ping believe that the November data on steel exports to a new low in the international economic situation is deteriorating As a result, fell more than expected in the future to stimulate the state's steel exports are likely to put the policy, such as raising the export tax rebate for some products.
MY STEEL Research Center analysts believe that China's steel exports fell faster Korea is also an important reason for South Korea's exports only account for 20% of the total. And gradually narrow the gap at home and abroad of China's steel exports less power. He judged, in December may be related to the export of steel products in November remained relatively low level of stability.
China Iron and Steel Association, said Qi Xiangdong, deputy secretary general, despite our country from Dec. 1 from the abolition of the 67 tariff lines of export tariffs on steel products will help reduce the cost of exports, but due to the international market demand and steel exports in 2009 will drop substantially, To reduce steel exports to return to the domestic market, domestic market supply and demand relationship between a cause of concern. |
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