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China steel association appeals for anti-dumping investigation, export rebate ad
20/03/2009 12:00
Mar. 19, 2009 (Xinhua News Agency) -- China steel association appeals for anti-dumping investigation, export rebate adjustment
BEIJING, March 19 (Xinhua) ? China Iron & Steel Association (CISA) calls for competent government apartments to conduct anti-dumping investigation and adjust the export rebate policy, so as to curb excessive steel imports into China and back the country's steel export.
In February, China's steel import totaled 1.09 million tons, up 25 percent on month and down 13 percent on year, while export hit a 52-month low to 1.56 million tons, down 62 percent on year.
According to CISA, Chinese major steel makers' steel exports for March and April are estimated to be 299,100 tons and 129,600 tons, respectively, indicating China would become a net importer in the following months if the imports keep at the level of February.
CISA anticipates that China's steel exports in 2009 may see a nosedive of 80 percent, much worse than the earlier forecast of 50-percent decrease.
Analyst Zhang Ping with Umetal.com noted that imports of low-grade steel products are nibbling the already shrinking market shares of domestic steel plants.
BEIJING, March 19 (Xinhua) ? China Iron & Steel Association (CISA) calls for competent government apartments to conduct anti-dumping investigation and adjust the export rebate policy, so as to curb excessive steel imports into China and back the country's steel export.
In February, China's steel import totaled 1.09 million tons, up 25 percent on month and down 13 percent on year, while export hit a 52-month low to 1.56 million tons, down 62 percent on year.
According to CISA, Chinese major steel makers' steel exports for March and April are estimated to be 299,100 tons and 129,600 tons, respectively, indicating China would become a net importer in the following months if the imports keep at the level of February.
CISA anticipates that China's steel exports in 2009 may see a nosedive of 80 percent, much worse than the earlier forecast of 50-percent decrease.
Analyst Zhang Ping with Umetal.com noted that imports of low-grade steel products are nibbling the already shrinking market shares of domestic steel plants.
iStockAnalyst
Thursday, March 19, 2009 4:41 AM
Source: www.istockanalyst.com
Thursday, March 19, 2009 4:41 AM
Source: www.istockanalyst.com
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