Fourth-quarter orders down 5 percent export steel - steel - machine tool industry

Fourth-quarter orders down 5 percent export steel - steel - machine tool industry

Yesterday, the China Steel Association Vice Chairman Luo said the global financial crisis, China's steel products export orders dropped sharply, steel generally reflect the export contract in the fourth quarter orders fell 50%. Here are the global financial crisis because international demand weakened, but also foreign investors to wait and see attitude. From the development trend of view, even the fourth quarter of this year, next year a quarter of China's steel exports will be significantly decreased.

Of the European Union, the Middle East exports to drop

Luo said that China's steel exports from January to September of national, regional distribution, significant changes have taken place. Korean exports to increase, the EU, the Middle East exports likely to drop sharply. From January to September this year converted into crude steel products, China exported 39.469 million tons net, 5.1842 million tons less than the same period last year, down 11.61%. Exports from January to September this year, South Korea

11.9512 million tons, an increase of 3.2967 million tons, up 38.09 percent; exported to Southeast 7,864,500 tons, an increase of 289,200 tons, an increase of 3.82%; exports to the U.S. 3,472,500 tons, an increase of 1.97 million tons, up 0.57%.

However, 1-September exports to the EU-25 6.3659 million tons, down 2,706,500 tons, down 29.83%; exports UAE, Saudi Arabia, Iran total 4.3181 million tons, down 1,085,200 tons, down 20.08%.

Talking about steel exports to South Korea, the Luo analysis, China's steel products are mainly exported to South Korea Shipbuilding. And in September, South Korea received the customer withdrawals, to 40 vessels. Therefore, the number of South Korean imports from China Ship Plate will decline further.

Variety of external dependence of an increased risk of high

Dependence on foreign steel products in China some 30% -70%, which, Luo, not without concern. He believes, like coated sheet, large profile, the board and other products, once the fall in exports, the export volume of resources to the domestic market, will be an impact on the domestic market. Steel should be noted that with the international and domestic market changes, control of production and limited capacity to implement targeted, changing the line.

China Steel Association statistics show that exports in January-September 48.4609 million tons of steel, coated sheet export 1,860,100 tons, accounting for the same period the total domestic production of 70.24%; export large sections 2.4812 million tons, accounting for production total of 33.48%; export coating plate 2.9392 million tons, accounting for 21.23% of total production; export seamless 4.1511 million tons, accounting for 28.39% of total production; export 4.659 million tons in the board, accounting for 17.39 of total production %; export 798,100 tons of hot rolled sheet, accounting for 18.24% of total production; export pipe 2.6458 million tons, accounting for 15.14% of total production.

Cost control has become an urgent task

Luo said, in response to the impact of financial risk, the domestic steel enterprises should make great efforts to increase revenue and reduce cost of production work.

Into the statistics from January to September this year, 71 large and medium steel companies were the three overall significant rise in the cost trend, amounting to more than 1250 billion yuan, with total profit of 132.6 billion yuan, very close.

Present, the iron and steel production enterprises, in accordance with the requirements of living an austere life, carefully, strict management, and do everything possible to save all kinds of fees and expenses; other countries have introduced lower bank reserve ratio, lower deposits, lending rates tax exempt interest "three down" measures, which companies reduce the cost of three very favorable, should seize the opportunity to do this work.

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