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China’s Steel Export to 55.73 Million Tons, a Year-on-Year Increase of 6.85 Million Tons

Recently, the China Iron and Steel Association (hereinafter referred to as: CISA) pointed out in the 2013 first conference, in 2012, China’s steel exports to 55.73 million tons, an increase of 6.85 million tons, an increase of 14%; steel imports 13,660,000 tons, a year-on-year decrease of 1.92 million tons, down 12.3%; billet imports 360,000 tons, a year-on-year reduction of 28 million tons, down 43.3%.

Import and export balance, net exports of 44.38 million tons of crude steel, an increase of 9.61 million tons, an increase of 27.6%, accounting for 6.2% of the national crude steel output.

In addition, in 2012, China’s steel imports an average of $ 1,303.4 USD/ton, steel exports an average of $ 923.8 USD/ton, import and export of difference between the average price of $379.6 USD/ ton, and expanded in 2011 to $ 43.6 USD/ton.
CISA in this regard that steel exports amount of growth, but exports of steel structures is an urgent need to optimize.

Previously, CISA has pointed out that in 2013, China’s steel exports will show a stable trend of the overall exports of iron and steel enterprises must first adjust the product structure, look for opportunities to achieve export product upgrades.

In recent years, with the improvement of scientific and technological research and development capabilities, the production of new products faster, some high value-added, high-tech products have the ability to compete in overseas markets. Ordinary products in the international market demand is low, there is still a demand for high-end products, the export enterprises in particular, has a production capacity of new product development, enterprises should look for opportunities to develop new markets and achieve market transformation and upgrading.

In addition, the CISA also said, should try to avoid over-concentration of the export market. The limited capacity of the Southeast Asian market, and Japan, South Korea in the region already has a certain scale of investment, concentrated massive exports to Southeast Asia within a short period of time, will cause the dissatisfaction of the local businesses, can easily cause trade friction.