International fiscal schools on China's hard metal trade overseas trade guarded
A couple of days before, the worldwide European Commission broadcast on Chinese-made seamless pipe provisional anti-dumping obligations imposed. China's Ministry of Commerce Bureau of Fair Trading handed out a declaration a couple of days before and who sharp out that the lately resolved G-20 summit in London one time afresh repeated its opponents to trade protectionism and restraint in the use of trade remedy measures. From European nations can be glimpsed on the move, with its own very powerful trade protectionism. The present economic urgent position has disturbed the free worldwide market means, in which European nations does not talk, but their heart is still in the iron alloy commerce to search a way out.
Citibank looks frontwards to the program to stimulate the worldwide economic procedure in close to six billion U.S. dollars in family member to infrastructure financial endeavour, the direct demand for hard metal is about 1.2 billion tons. However, Citigroup trusts that the hard metal mills, the Government ought make up for the spur program to lessen the magnitude of confidential financial endeavour in rank to consider that development expansion, mostly infrastructure ventures China is motivated, but will lessen foreign direct investment. Foreign direct financial endeavour to China in 2006 and in 2007 China's GDP accounted for 5.7% and 6%.
In fact, China last year's economic stimulus package to support steel demand is the only factor. Stimulation of this year's program to reduce the ratio of investment in infrastructure, while increasing health care, education and low-end housing supply, it is estimated that the annual demand for steel will reduce 6.8 million tons. Lyon, France, said that the changes in the overall demand for steel has little impact. However, Lyon, analysts believe that the recent rebound in steel stocks do not have continuity, investors should leave a profit.
Major foreign hard metal administration rendering
It is understood that the United States and South America, Europe, the Organization of the eight iron and steel on April 14 issued a joint statement that China's "iron and steel industry development policy" and other acts of the Government is undermining and distorting the global steel market, China should put an end to the iron and steel industry subsidies and other unfair acts of competitive advantage.
Published April 14 at the American Iron and Steel Institute (AISI) website said the joint statement, China's steel industry should be based on the principle of the laws of the market rather than government intervention. The statement that they believed the Chinese Ministry of Public Works to amend the "iron and steel industry development policy" to seek the views of the response notice. In the statement, the Chinese Government put forward six recommendations. These include: the suspension of the iron and steel production in China to provide subsidies to the steel plant to stop operating the control and guidance, the abolition of restrictions on exports of raw materials, China should stop manipulating its currency restrictions and other series.
It is intriguing that in the junction declaration handed out just one day after the U.S. Department of the Treasury on time April 15 to submit to the Congress semi-annual report of foremost swapping partners, the exchange rate, the Obama Government accepts as factual that the United States, encompassing China, foremost swapping partners , there is no manipulation of the exchange rate to gain an unjust comparable advantage. U.S. Treasury Secretary Timothy Geithner said in a declaration sharp out that China has taken steps to reinforce the exchange rate flexibility. American Iron and Steel Institute and the United States Government does not appear to any face, its said in a declaration on the 15th of Obama in the semi-annual report the Government determined to manipulate the exchange rate in China as the homeland is not very let down, and that Congress should swiftly overtake (Austria Bama should be in support of the Government) on the exchange rate to manipulate the topic of trade remedy laws.
It is appreciated that this junction declaration handed out by eight of the metal and iron alloy are the American Iron and Steel Institute, the Canadian Association of metal and iron alloy output (CSPA), iron alloy trades Committee (CPTI), the European Union Iron and Steel Industry (EUROFER), the Latin American Iron and Steel Institute (ILAFA), Mexico Association of metal and iron alloy output (CANACERO), exceptional iron alloy commerce associations in North America (SSINA) and the American Iron and Steel Manufacturers Association (SMA).
Buyer's market has been formed
According to China Steel Association written knowledge present that community by the end of March advanced 17.65 out of 100 stocks. Morgan Stanley trusts that as the world's greatest steel-consuming nations - China's steel and hard metal stores arrived at a record high, the market has now commenced departing in the main purpose of over-supply. Its looked frontwards to worldwide hard metal demand this year will be lessened by 11%, while China's demand will plunge 5.5%. At the matching time, the effect of hindrances in steel ore dialogues, the Baltic Dry Freight Index carried on to plunge, in order that hard metal charges have carried on to descent in space, all hard metal pressure.
Iron ore charge dialogues this year, forcing its feet. A small number days in the past the world's second greatest steel ore makers Rio Tinto for now out of the recommended 20 out of 100 charge lessening, but the China Iron and Steel Association articulated resistance to, that this decline is too small, and called for the bond charge in harmony with the last year of 60% for pre-paid, to be bond arrived at after a tiny number of back up. FMG Group Executive Director said, FMG Group yardstick steel ore costs this year will decline 30 out of 100, which is the second maker of steel ore steel ore costs will decline position.
Trade obstacles directed to the critical trade items position
Market expectations, iron ore negotiations in Q2 is expected to come to an end, will not be dragged off by June. Goldman Sachs analyst predicted that the long-term prices should be down into four. The Mainland in March a total of 51 million tons of iron ore imports, while imports reached record highs over the previous year's 35.68 million tons over the same period increased by 43% due to the current spot price is only last year, 40% of contract price, steel prices may be re-signed Before the new contract to increase the cash inventory.
Since September last year by the worldwide economic urgent position, the worldwide market shrinking demand for iron alloy, China iron alloy trade items dropped sharply. China's iron alloy goods to enhance the trade items competitiveness of the mainland from December 1 last year, since the abolition of trade items tariffs on some iron alloy goods, on January 1 this year, furthermore eliminates the iron alloy trade items permit administration scheme, April 1 boost in some high value-added goods for trade items levy rebates rate to 13%.
Remains in the doldrums as a result of demand and factors such as trade protectionism, China's steel export situation is grim. China in January to February the export 3.47 million tons of steel. Further in February to which 1,562,000 tons, down 18.1 percent, a record since the November 2005 China's steel export volume monthly low. The average price of exports in November last year 1324 U.S. dollars per tonne, and gradually fell back to February of this year 1129 U.S. dollars per ton, decreased by 14.7% cumulative. - 18780
Citibank looks frontwards to the program to stimulate the worldwide economic procedure in close to six billion U.S. dollars in family member to infrastructure financial endeavour, the direct demand for hard metal is about 1.2 billion tons. However, Citigroup trusts that the hard metal mills, the Government ought make up for the spur program to lessen the magnitude of confidential financial endeavour in rank to consider that development expansion, mostly infrastructure ventures China is motivated, but will lessen foreign direct investment. Foreign direct financial endeavour to China in 2006 and in 2007 China's GDP accounted for 5.7% and 6%.
In fact, China last year's economic stimulus package to support steel demand is the only factor. Stimulation of this year's program to reduce the ratio of investment in infrastructure, while increasing health care, education and low-end housing supply, it is estimated that the annual demand for steel will reduce 6.8 million tons. Lyon, France, said that the changes in the overall demand for steel has little impact. However, Lyon, analysts believe that the recent rebound in steel stocks do not have continuity, investors should leave a profit.
Major foreign hard metal administration rendering
It is understood that the United States and South America, Europe, the Organization of the eight iron and steel on April 14 issued a joint statement that China's "iron and steel industry development policy" and other acts of the Government is undermining and distorting the global steel market, China should put an end to the iron and steel industry subsidies and other unfair acts of competitive advantage.
Published April 14 at the American Iron and Steel Institute (AISI) website said the joint statement, China's steel industry should be based on the principle of the laws of the market rather than government intervention. The statement that they believed the Chinese Ministry of Public Works to amend the "iron and steel industry development policy" to seek the views of the response notice. In the statement, the Chinese Government put forward six recommendations. These include: the suspension of the iron and steel production in China to provide subsidies to the steel plant to stop operating the control and guidance, the abolition of restrictions on exports of raw materials, China should stop manipulating its currency restrictions and other series.
It is intriguing that in the junction declaration handed out just one day after the U.S. Department of the Treasury on time April 15 to submit to the Congress semi-annual report of foremost swapping partners, the exchange rate, the Obama Government accepts as factual that the United States, encompassing China, foremost swapping partners , there is no manipulation of the exchange rate to gain an unjust comparable advantage. U.S. Treasury Secretary Timothy Geithner said in a declaration sharp out that China has taken steps to reinforce the exchange rate flexibility. American Iron and Steel Institute and the United States Government does not appear to any face, its said in a declaration on the 15th of Obama in the semi-annual report the Government determined to manipulate the exchange rate in China as the homeland is not very let down, and that Congress should swiftly overtake (Austria Bama should be in support of the Government) on the exchange rate to manipulate the topic of trade remedy laws.
It is appreciated that this junction declaration handed out by eight of the metal and iron alloy are the American Iron and Steel Institute, the Canadian Association of metal and iron alloy output (CSPA), iron alloy trades Committee (CPTI), the European Union Iron and Steel Industry (EUROFER), the Latin American Iron and Steel Institute (ILAFA), Mexico Association of metal and iron alloy output (CANACERO), exceptional iron alloy commerce associations in North America (SSINA) and the American Iron and Steel Manufacturers Association (SMA).
Buyer's market has been formed
According to China Steel Association written knowledge present that community by the end of March advanced 17.65 out of 100 stocks. Morgan Stanley trusts that as the world's greatest steel-consuming nations - China's steel and hard metal stores arrived at a record high, the market has now commenced departing in the main purpose of over-supply. Its looked frontwards to worldwide hard metal demand this year will be lessened by 11%, while China's demand will plunge 5.5%. At the matching time, the effect of hindrances in steel ore dialogues, the Baltic Dry Freight Index carried on to plunge, in order that hard metal charges have carried on to descent in space, all hard metal pressure.
Iron ore charge dialogues this year, forcing its feet. A small number days in the past the world's second greatest steel ore makers Rio Tinto for now out of the recommended 20 out of 100 charge lessening, but the China Iron and Steel Association articulated resistance to, that this decline is too small, and called for the bond charge in harmony with the last year of 60% for pre-paid, to be bond arrived at after a tiny number of back up. FMG Group Executive Director said, FMG Group yardstick steel ore costs this year will decline 30 out of 100, which is the second maker of steel ore steel ore costs will decline position.
Trade obstacles directed to the critical trade items position
Market expectations, iron ore negotiations in Q2 is expected to come to an end, will not be dragged off by June. Goldman Sachs analyst predicted that the long-term prices should be down into four. The Mainland in March a total of 51 million tons of iron ore imports, while imports reached record highs over the previous year's 35.68 million tons over the same period increased by 43% due to the current spot price is only last year, 40% of contract price, steel prices may be re-signed Before the new contract to increase the cash inventory.
Since September last year by the worldwide economic urgent position, the worldwide market shrinking demand for iron alloy, China iron alloy trade items dropped sharply. China's iron alloy goods to enhance the trade items competitiveness of the mainland from December 1 last year, since the abolition of trade items tariffs on some iron alloy goods, on January 1 this year, furthermore eliminates the iron alloy trade items permit administration scheme, April 1 boost in some high value-added goods for trade items levy rebates rate to 13%.
Remains in the doldrums as a result of demand and factors such as trade protectionism, China's steel export situation is grim. China in January to February the export 3.47 million tons of steel. Further in February to which 1,562,000 tons, down 18.1 percent, a record since the November 2005 China's steel export volume monthly low. The average price of exports in November last year 1324 U.S. dollars per tonne, and gradually fell back to February of this year 1129 U.S. dollars per ton, decreased by 14.7% cumulative. - 18780