In May last year, the country had implemented export license management on some steel product exports. However, the qualification standards for obtaining export licenses have not been issued. Both the Ministry of Commerce and the China Iron and Steel Industry Association have told reporters that the current qualification standard setting work has been suspended.
"This year's global economic environment and national policies do not support the high growth of steel exports. We expect steel and billet exports to decline in 2008." Yesterday, Qi Xiangdong, deputy secretary-general of the China Iron and Steel Association pointed out. The standards for steel export qualifications that have been rumors before have also been suspended.
Qi Xiangdong made the above judgment at the China Steel Export Summit Forum hosted by yesterday. Qi Xiangdong told reporters that last year China's exports of steel billet converted to crude steel accounted for 14.9% of the total crude steel output, and the export ratio remained high. "It is reasonable to export steel billets to convert crude steel to 10% of the total output of plastic steel."
In 2007, the country suppressed the export of steel products, in particular, the policy of importing steel products with low added value was the most frequent and most vigorous. As the policy of cancellation of export tax rebates and taxation of export taxes was introduced frequently, the export of steel products in the second half of last year showed a sharp decline.
"The effect of macroeconomic regulation and control is already obvious, but the negative growth trend of steel exports will continue into this year." Qi Xiangdong predicts that the net export of steel products this year will be reduced by about 20 million tons compared with 2007, among which steel billet exports will be greatly reduced, Exports will drop by more than 60% from 2007. However, if the supply of resources in the international market is tight, the spread between domestic and foreign countries will continue to expand, which will slow down the sharp decline in China's steel exports.
Qi Xiangdong disclosed to reporters that at present, the country has not continued to formulate measures to curb the export of steel products. This year it will "adjust policy according to the trend of the world economy and its influence on China." He personally believes that from the perspective of economic globalization and heightening the international competitiveness of the iron and steel industry, China should maintain a modest steel export, which is conducive to establishing China’s strategic position as a major steel country internationally.
In May last year, the country had implemented export license management on some steel product exports, but the qualification standards for obtaining export licenses have not been issued. Both the Ministry of Commerce and the China Iron and Steel Industry Association insiders told reporters that the current qualification standards setting work has been suspended.
Due to trade frictions between China and Europe and the United States, exports to these areas have been reduced, and exports to the United States declined in 2007. In this regard, Qi Xiangdong believes that currently the emerging market GDP has accounted for 50% of the world, trade volume accounted for 40%, foreign exchange reserves accounted for 70%, has a strong ability to deal with economic risks. The significant increase in exports from China to Southeast Asia and the Middle East also indicates strong demand in emerging markets. Therefore, in the future, export of steel products should be diversified and diversified.
In addition, Qi Xiangdong pointed out that in the situation where raw material costs are rising, whether the price of the domestic steel market can be firm throughout the year depends on changes in the export situation.
In 2007, although China's crude steel production hit a record high, the growth rate has dropped by 2.8 percentage points, and the growth rate of crude steel production is the lowest level since 2001. "The increase in China's steel production this year will still be reduced because of the impact of snow disasters and the constraints of electricity and raw materials transportation. Therefore, it is not expected that the release of production capacity this year will be very high. This year, crude steel production is expected to be between 520 million and 540 million tons."
The Development and Reform Commission also said yesterday that China will eliminate 14 million tons of backward iron production capacity in 2008, and will also strive to close down 6 million tons of backward steel production capacity, and will strive to eliminate 77,760 tons of steel production capacity and 89,170 tons of iron production capacity by 2010.
"This year's global economic environment and national policies do not support the high growth of steel exports. We expect steel and billet exports to decline in 2008." Yesterday, Qi Xiangdong, deputy secretary-general of the China Iron and Steel Association pointed out. The standards for steel export qualifications that have been rumors before have also been suspended.
Qi Xiangdong made the above judgment at the China Steel Export Summit Forum hosted by yesterday. Qi Xiangdong told reporters that last year China's exports of steel billet converted to crude steel accounted for 14.9% of the total crude steel output, and the export ratio remained high. "It is reasonable to export steel billets to convert crude steel to 10% of the total output of plastic steel."
In 2007, the country suppressed the export of steel products, in particular, the policy of importing steel products with low added value was the most frequent and most vigorous. As the policy of cancellation of export tax rebates and taxation of export taxes was introduced frequently, the export of steel products in the second half of last year showed a sharp decline.
"The effect of macroeconomic regulation and control is already obvious, but the negative growth trend of steel exports will continue into this year." Qi Xiangdong predicts that the net export of steel products this year will be reduced by about 20 million tons compared with 2007, among which steel billet exports will be greatly reduced, Exports will drop by more than 60% from 2007. However, if the supply of resources in the international market is tight, the spread between domestic and foreign countries will continue to expand, which will slow down the sharp decline in China's steel exports.
Qi Xiangdong disclosed to reporters that at present, the country has not continued to formulate measures to curb the export of steel products. This year it will "adjust policy according to the trend of the world economy and its influence on China." He personally believes that from the perspective of economic globalization and heightening the international competitiveness of the iron and steel industry, China should maintain a modest steel export, which is conducive to establishing China’s strategic position as a major steel country internationally.
In May last year, the country had implemented export license management on some steel product exports, but the qualification standards for obtaining export licenses have not been issued. Both the Ministry of Commerce and the China Iron and Steel Industry Association insiders told reporters that the current qualification standards setting work has been suspended.
Due to trade frictions between China and Europe and the United States, exports to these areas have been reduced, and exports to the United States declined in 2007. In this regard, Qi Xiangdong believes that currently the emerging market GDP has accounted for 50% of the world, trade volume accounted for 40%, foreign exchange reserves accounted for 70%, has a strong ability to deal with economic risks. The significant increase in exports from China to Southeast Asia and the Middle East also indicates strong demand in emerging markets. Therefore, in the future, export of steel products should be diversified and diversified.
In addition, Qi Xiangdong pointed out that in the situation where raw material costs are rising, whether the price of the domestic steel market can be firm throughout the year depends on changes in the export situation.
In 2007, although China's crude steel production hit a record high, the growth rate has dropped by 2.8 percentage points, and the growth rate of crude steel production is the lowest level since 2001. "The increase in China's steel production this year will still be reduced because of the impact of snow disasters and the constraints of electricity and raw materials transportation. Therefore, it is not expected that the release of production capacity this year will be very high. This year, crude steel production is expected to be between 520 million and 540 million tons."
The Development and Reform Commission also said yesterday that China will eliminate 14 million tons of backward iron production capacity in 2008, and will also strive to close down 6 million tons of backward steel production capacity, and will strive to eliminate 77,760 tons of steel production capacity and 89,170 tons of iron production capacity by 2010.
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