The latest iron alloy commerce down turn in both yield and trade items
China Steel Industry Association appear that production within the former halves of the inform, within morning March 2009 daily medium crude iron production decrease 130,000 tons. In morning March this year, the national daily medium crude iron production evaluates for 1.378 million tons, within late February than 1.51 million tons daily output collapsed via 132,000 tons. This is the year of crude iron by-year calculation of medium daily production of the former deteriorate within iron prices is the outcome of re-production. In 2008 as a outcome of production, as well as the tall base within the equivalent period is expected within March 2009 year-on-year increases rate of crude iron production via 1,2 months of damning increases towards positive growth.
By the decline in the exchange rate as well as the impact of foreign demand for domestic steel exports decline. February steel exports 1.56 million tons, down 50% year-on-year, 18 percent lower than Central. February domestic crude steel (steel billets) Net export only about 200,000 tons. Export situation is grim.
According towards the latest Customs statistics, China's exports within March of iron 1,670,000 tons, an increase within February than 120,000 tons, whilst 59.76 percent year-on-year deteriorate, but escalated seven percent many than Central. March iron 400,000 tons of net exports, better than market expectations. Although the modern European Union and the United States needs towards domestic iron products towards certain anti-dumping investigation, but the export towards the United States and the European Union are very few iron (total 10-20 million tons / month), anti-dumping shall not inflict further deterioration within exports.
The second half of 2008, in addition to Japan, the major steel exporting countries currencies against the U.S. dollar exchange rate are different degrees of devaluation of the RMB exchange rate maintained a relatively stable and the U.S. dollar, resulting in China's steel products in foreign markets, a significant cost advantage decline. As a core competitive advantage of the loss of low-cost, is the latest of the main reasons for the significant downturn in exports.
Low charges, high cost of iron alloy is the centre competitiveness of trade items, but due to exchange rate fluctuations and the cost of cancel iron alloy fallen considerably in 2008 for foreign goods is no longer a important cost distinction, making the household metal and iron alloy enterprises have lost enterprise trade items the competitiveness of the finances of iron alloy which is the major cause for the important worsening in exports. - 18423
By the decline in the exchange rate as well as the impact of foreign demand for domestic steel exports decline. February steel exports 1.56 million tons, down 50% year-on-year, 18 percent lower than Central. February domestic crude steel (steel billets) Net export only about 200,000 tons. Export situation is grim.
According towards the latest Customs statistics, China's exports within March of iron 1,670,000 tons, an increase within February than 120,000 tons, whilst 59.76 percent year-on-year deteriorate, but escalated seven percent many than Central. March iron 400,000 tons of net exports, better than market expectations. Although the modern European Union and the United States needs towards domestic iron products towards certain anti-dumping investigation, but the export towards the United States and the European Union are very few iron (total 10-20 million tons / month), anti-dumping shall not inflict further deterioration within exports.
The second half of 2008, in addition to Japan, the major steel exporting countries currencies against the U.S. dollar exchange rate are different degrees of devaluation of the RMB exchange rate maintained a relatively stable and the U.S. dollar, resulting in China's steel products in foreign markets, a significant cost advantage decline. As a core competitive advantage of the loss of low-cost, is the latest of the main reasons for the significant downturn in exports.
Low charges, high cost of iron alloy is the centre competitiveness of trade items, but due to exchange rate fluctuations and the cost of cancel iron alloy fallen considerably in 2008 for foreign goods is no longer a important cost distinction, making the household metal and iron alloy enterprises have lost enterprise trade items the competitiveness of the finances of iron alloy which is the major cause for the important worsening in exports. - 18423
posted by X - Men at
1:58 AM
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