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Cai Jin, president of the China Federation of Logistics and Purchasing, said that this year's doubling growth is a recovery, mainly due to the low export base last year and the recovery of the world economy this year, which has also brought certain growth to China's steel exports. space.
Although the export volume has grown rapidly, the types and structure of exports have not changed much. They are still concentrated on low value-added products such as building materials and lack of high-end products. The countries that export are mainly neighboring countries such as India and Vietnam.
It is understood that this year's export growth is significantly higher than the increase in steel production, and the effect of exports on domestic steel production is relatively obvious. The increase in steel production has continued to decline since April. In October, crude steel production fell by 3.8% year-on-year, and steel production increased by only 4.1%. At the same time, steel imports are also decreasing. From January to October, China's steel imports were only 13.63 million tons.
Cai Jin believes that due to inflation, rising costs, etc., the profit margin of the steel market will be further reduced next year, and the current low profit rate of steel enterprises will continue to be maintained. It is expected that domestic demand in China's steel market will increase by 10%-12% next year, and output will increase by 10%. The export volume will still have a good foundation and the price will rise steadily.
China's steel exports in the first 10 months of this year nearly doubled year-on-year
The reporter learned from the recent "Central Rise · 2011 Steel Market Situation Development" summit forum held in Wuhan that China's steel exports have bottomed out due to the recovery of the world economy. From January to October this year, the export volume of steel reached 36.8 million tons, an increase of 99.8%.