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Steel traders are robbed by foreign steel mills for quotations up to $100 cheaper than domestic
"The impact of the current European debt crisis on us is not big, it is very big." Chen Hong, general manager of Portland Steel Shanghai Office, told reporters very heavily: "At present, some foreign steel mills offer much lower prices than us. This makes our business more difficult." For the steel traders who mainly export to the European and American markets, this winter seems to have a bit more "meaning" than in 2008. Squeezed gold rush Europe and the United States Portland Steel Company has been doing steel export business in China, but due to the constant changes in the international steel market, the company did not follow the mainstream to choose the Asian market. Hu Yanping, an analyst at China United Steel, told reporters that domestic steel products are mainly exported to South Korea, India and other Asian countries, accounting for more than 45% of all exports. In the first half of 2011, China exported 5.61 million tons of steel to South Korea, accounting for the entire steel. 23% of total exports. And Portland Steel has given up on the Asian market and chose the far-flung European and American markets. It seems that it is unwise to go farther and farther. Chen Hong told reporters that the reason why the company does not do the Asian market is mainly because the Asian market is mainly made by large domestic steel mills. Due to the strength of domestic large steel mills, the export prices are often kept low, making other steel trades Businesses simply can't compete, and sometimes export prices are even lower than domestic prices, so they can only choose European and American markets. An industry insider also said that the domestic large-scale mainstream steel enterprises in the European and American markets accounted for far less than the Asian market, fundamentally avoiding competition with large domestic steel mills. Many domestic steel export enterprises choose European and American markets and give up their eyes. Asian market. However, it has not been smooth after the war in Europe and the United States. Steel foreign trade companies, including Portland Steel, have also been implicated as the European market entered the “cold winterâ€. An industry analyst told reporters that due to the continued decline of the international economy, Latin America and Asia have become hot spots for steel mills. Recently, steel mills in other countries such as the Commonwealth of Independent States, Ukraine, South Korea and other countries are competing to lower export quotations to seize a limited market. South Korea's Pohang's plate export offer is even lower than the domestic market of 150-180 US dollars / ton, but due to the current international steel market prices continue to fall, importers generally take a wait-and-see attitude toward procurement. Chen Hong also said that because the domestic steel market is very sluggish, it is impossible for the company's products to be digested in the domestic market. Encountering foreign price wars Due to the sluggish demand in the domestic steel market, expanding exports has become the main way for steel mills to ease domestic resource pressures. The data shows that China exported 4.2 million tons of steel in November, an increase of 380,000 tons from October and an increase of 44.33% compared with the same period last year. From January to November, the cumulative export was 45.19 million tons, up 13.8% year-on-year. In November, China imported 1.23 million tons of steel, an increase of 30,000 tons from October, down 10.87% from the same period of last year. From January to November, the cumulative import was 14.39 million tons, a year-on-year decrease of 4.2%. However, affected by the European and American debt crisis, the number of imported steel products in Europe has been greatly reduced. It is reported that from January to August this year, Europe exported 16.3 million tons of steel, while the import volume was only 15 million tons. The sluggish European market has made it harder and harder for steel exporters like Portland Steel. A steel trader said that after the European debt crisis, the demand for steel products in the European market is becoming less and less. For countries such as Italy, the domestic independent products can almost meet their own needs, and they do not need to be imported. In addition, most European customers also Beginning to demand a price cut, which led domestic export steel traders to bid each other, resulting in a very low price. The "fragmentation" of the European market has made export steel traders hope in the Americas, but contrary to expectations, the "fortress" of the American market seems to be more difficult to overcome. Chen Hong told reporters that the current price of steel mills in Central and South America is 20-30 US dollars cheaper than ours. In addition to the exchange rate and other factors, some products are even cheaper than us 80-100 US dollars. This price has no competition for us. Sex, coupled with the geographical advantages of steel mills in Central and South America in the American market, the competition is even more impossible. In the face of the current situation, we can only negotiate what kind of price, what kind of quality products. Hu Yanping also said that countries like the Commonwealth of Independent States and Central and South America, they have their own iron ore and coal, have already had a big advantage in cost, so their steel prices are relatively cheap. Not only that, this year, domestic steel exports have been repeatedly investigated by anti-dumping investigations by trading countries, involving a total amount of 51.92 million US dollars. WISCO has been subjected to four anti-dumping investigations in four trading countries within 7 months, which has become the most trade friction in WISCO's history. A period of intensiveness. However, while the country recently lowered the deposit reserve ratio, the China Iron and Steel Association also announced that the next step is to reduce exports, which makes the cold steel industry a little warmer.