How to save the encircled Chinese steel industry – steel, steel pipe, steel – iron and steel industry
Far the largest US-China trade sanctions case has ended, the U.S. Department of Commerce to make final ruling on the 24th, with China claiming the ground pipeline of subsidies related products will be implemented from 10.36 to 15.78 percent countervailing duty sanctions . The case involving about 27 million. Chinese Ministry of Commerce spokesman Yao Jian said earlier that the U.S. side does not recognize China's market economy status of the case, the use of discriminatory practices, to raise anti-dumping and countervailing duty rate, the Chinese steel industry a serious impact on exports.
U.S. Department of Commerce feels that this finding does not unexpected, as the recent European and American protectionism, the Chinese steel industry has long shown an aggressive posture. On October 6, EU Council of Ministers issued a public notice ruling on Chinese exports to the EU constitute a seamless threat of injury to EU industry, decided to levy from 17.7 to 39.2 percent of the final anti-dumping duties. The European Union in October of this ruling to the United States related to the investigation and produce the final determination of a certain "demonstration effect", is almost a necessity. Of course, the two found only Europe and the United States steel industry trade protectionist actions in a spray only, has carried out other similar and ongoing "containing" the number will more and more present in front of the Chinese steel industry.
From the international environment, China's steel industry has been plunged into the actual resources of international trade protectionism and trade monopoly of the "double encirclement" themselves, but also from the poor performance of the steel industry and the overall view of the sharp decline in exports, indicating China's steel industry has entered a deep "surrounded" stage, if not carried out within the industry "major operation" behind the situation will be extremely embarrassed, and even more breathtaking.
When many domestic mindset still immersed in the Chinese steel export volume last year among the world's data when they realize that the data and the "Crown" has long history in the first half of this year. According to the British Iron and Steel statistical ISSB data show that in the second quarter of 2009, China since the fourth quarter of 2005, the first time since becoming a net importer of steel a "steel export deficit." China's steel exports dropped in the structure of the ratio, the original main export destinations are the sharp decline in the phenomenon occurs: first half of 2009, China's steel exports to the EU decreased 81%, exports to Asian markets by 75%, to Middle East 68% reduction in exports to the United States, Canada, and Mexico's exports also decreased by at least 51%. With the relevant areas of action to accelerate trade protectionism, China's steel exports in the short term weakness in the pattern will still continue.
Addition to trade protectionism "downstream containment," the trade monopoly in the field of resource belongs to drastic type of "upstream strangulation." International Iron ore price Unfavorable factors such as the existence of high irrational industrial structure, excess capacity, cost management does not have the soft underbelly of the international comparative advantage such as iron and steel production enterprises in China will inevitably lead to a huge impact: First, Iron ore International monopoly prices pattern changed in the next few years, competition for iron ore price negotiations, the initiative is still difficult; Second, the import price is lower than the export price of crude steel phenomena, and that the original price of Chinese iron and steel enterprises have multiple competitive advantages loss of adverse factors; third domestic and international steel demand to benefit from economic stimulus plan, but this demand is sustainable, continues to accept the test of actual economic trends.
Thus, when the Chinese steel industry experience in international trade protectionism and monopoly prices of raw material resources "double encirclement," when the basic skills, adjust the structure of merger and reorganization will be the future of the industry's Breakthrough of the Road
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