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2012 China's steel exports will be seriously influenced by the trade friction

Date:2012-03-15   Views:292 【Font size: Large Small】 【I want to print

Since 2012, China's steel products face a growing number of trade sanctions. Only two months, China's steel products suffered from the three countries and regions of Mexico, the European Union and Brazil's trade remedy investigations, the product under investigation involves the seamless steel tubes, organic coated sheet and stainless steel round pipe; method of investigation is increasing diversification, involving the three kinds of anti-dumping, countervailing and anti-circumvention. The 2012 slowdown in global economic recovery, the European debt crisis increased uncertainty of world economic development, appreciation of the renminbi and other aspects of China's steel exports, and trade protectionism will also become an important factor restricting China's steel exports in 2012.

With the rapid development of China's iron and steel industry, and foreign trade growing, growing in the field of steel trade friction with the large number of China's steel exports, China and other countries and regions in recent years, China's exports of steel products has become The national anti-dumping, countervailing, and the focus of allegations of trade sanctions.

Information Research Center, tracking data show that since 2007, the steel industry has suffered from 13 countries and regions in the United States, the European Union, 46 cases involving steel products trade remedy investigations. The huge steel export volume in the two years 2007-2008, 2007, 62,646,300 tons so far the highest steel exports recorded in 2008 fell slightly to 59,182,700 tons. Since the financial crisis in 2008, external demand slowed down, countries trade protection of steel products into the active period, 12 cases in 2008 to initiate an investigation of the number of China's steel products. 2010-2011 two-year steel exports continued to grow, and the relative concentration of other countries is bound to cause an increase in trade sanctions on China steel products.

From the situation of the sponsors of the trade remedy investigations, the majority of the European Union, the United States, but in recent years have gradually spread to emerging market countries, like Brazil, Mexico, India, Indonesia, Thailand, Russia and other countries. Reason, on the one hand, China's steel exports gradually extended to the emerging markets and other countries related to the customs statistics show that in 2011 China's exports of steel in the European Union and the United States accounted for only 13.7% of total exports, compared to 2007 decreased by 10.4 percentage points; the other hand, as emerging markets continue to rise, China's iron and steel products has gradually become competitors of domestic enterprises. Since 2007, the trade remedy investigations initiated by the emerging market for my iron and steel products showing growth.

The Case of Korea, Korea is still China's steel exports to the country of destination, but since 2009, including the Modern Steel, POSCO and Dongkuk expanding production capacity, especially shipbuilding slab capacity from 7.4 million tons before the end of 2011 to 12.9 million tons, the release of these new capacity will allow the dependence of South Korea, China's steel greatly weakened, and easily lead to trade friction. January 2012 there issued by the Korea Iron and Steel Institute, the news that South Korea, three large steel companies POSCO (POSCO, Hyundai Steel, Dongkuk will be Chinese, Japanese iron and steel products, low prices caused by the offensive on the South Korean steel industry hazards anti-dumping investigation.

2012 global economic situation is still grim euro zone debt crisis of hardship still, slow global economic recovery of past life line, and the United Nations and other agencies have reduced the 2012 global economic growth rate. 2012 steel demand in developed countries is difficult in the short term a significant rebound in developing countries and emerging market economies due to the pressure of inflation and asset bubbles, economic growth may slow down further, while the national steel production capacity expansion, trade conflicts is gradually reflected; In addition, the world's major currencies (such as the U.S. dollar, Australian dollar, the euro, the yuan exchange rate will continue to fluctuations in steel export enterprises are facing increasing pressure in the highly competitive environment, various forms of trade protectionism will reproduce the active and the U.S. government recently proposed to return to manufacturing, and the U.S. Senate passed a tariff bill to authorize the U.S. Department of Commerce to continue to impose countervailing China and Vietnam, the so-called "non-market economy country" tax; for China's steel industry will undoubtedly suffer more trade protection sanctions.

Customs statistics show that China's steel exports in January-February 2012, 7.12 million tons, an increase of 27.4%, although a substantial increase over the same period last year, the chain point of view, steel exports from the small peak in March last year after continued decline The trend has been formed. 2012 China's steel export situation is not optimistic in the slowdown in global demand, the prospects of the RMB exchange rate fluctuations and trade protectionism is still prevalent, the 2012 China's steel exports will be difficult to reach the level of 2011, annual steel export volume is expected to remain at 4000 million tons.

 
 
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