The hottest steel trade friction doubled in April

2022-10-23
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Iron and steel trade friction doubled in April before the increase in domestic capacity reduction pressure

China's iron and steel industry is struggling with the elimination of "capacity reduction": please check whether the selection of controllers in the networking setting is at the right moment, but it has suffered more intense trade friction in the international market than this year. According to the statistics of Lange Steel Research Center, in this month, other countries and regions proposed a total of 15 trade assistance inquiries and visits to China's steel products. In the same period last year, there were only 8 cases, close to doubling. Experts believe that the reduction of trade friction can affect steel exports and bring more pressure to the international market to digest excess capacity

many countries "attacked" the trade friction of China Iron and steel doubled on February 4 and 5

after the steel rally in Brussels in mid April, many countries and regions still made an agreement and continued to make inquiries and visits or proposals on China Iron and steel products. Therefore, the week before the "May Day" holiday became the "busiest" week for the person in charge of the trade charity inquiry and visit bureau of the Ministry of Commerce this year: five speeches were issued in succession to respond to the "challenges" of Chinese steel products from the United States, the European Union, Germany, Australia and other countries

the "busiest week" of the person in charge of the trade assistance inquiry and visit bureau of the Ministry of Commerce

since this year, China's iron and steel enterprises have suffered more trade frictions than this year. Wangguoqing, director of Lange Iron and Steel Research Center, told China finance and economics that in this month, other countries and regions proposed a total of 15 trade assistance inquiries and visits to China's steel products, including anti marketing, anti subsidy, guarantee measures, anti avoidance and other cooperation to carry out research on material organization, performance control, processing technology optimization and utilization performance of related products, compared with only 8 in the same period last year

according to the notice, "last year, China's export volume of 110 million tons of steel products attracted dissatisfaction from some other countries." Wang Guoqing said. Since the end of last year, the global steel market has been in a downturn, and the overall demand is in the decline channel, while China's steel products still completed the export volume of 110 million tons, an increase of 19.9%

at the steel rally in Brussels on April 18-19, many countries blamed and condemned China, believing that the Chinese authorities' subsidies for the supply of steel property were the "culprit" of excess global steel production capacity

the Ministry of Commerce and the Ministry of industry and information technology of the people's Republic of China have made clear responses to this for many times. Zhang Ji, Assistant Minister of Commerce, said at the Brussels steel rally that China not only did not have any subsidy policies to comfort steel exports, but also imposed export tariffs on some types of steel products. China also exports large quantities of steel products, providing a broad and unconstrained market for steel products all over the world. Zheng Li, a former spokesman of the Ministry of industry and information technology, also said earlier that the global crude steel production in 2015 was 1.62 billion tons, and the average capacity manipulation rate was only 69.7%. China's capacity manipulation rate is fundamentally different from the world's uniformity. Therefore, excess steel production capacity is not the result of China's monopoly, but the characteristic result of the world's relevant economic face. China's steel production is mainly to meet international demand. China is the world's largest steel producer and largest steel consumer

the pressure of "de capacity" of steel is increasing, and the industry is trying to discuss countermeasures.

when other countries attributed the difficulties of steel property to international trade and frequently adopted trade asylum measures, China has long been the first to implement the "de capacity" of steel industry. On February 4 this year, the State Council issued the "opinions on resolving excess capacity in the steel industry and completing the growth of poverty relief", which put forward quantitative requirements for the "de capacity" of China's steel industry during the "13th five year plan": from 2016, when they are craftsmen in their field for five years, they will reduce the crude steel production capacity by 100million-150million tons

subsequently, local authorities issued numerous plans to reduce local steel production capacity, and the steel production capacity reduction policy was implemented quickly. In the first quarter, the world's crude steel production fell by 3.2% year-on-year, while the steel price showed a general rise. In April, the PMI index of the international steel industry was 57.3%, returning to above the boom and bust line after two years. It can be seen that there are obvious signs of recovery in the steel industry, and the iron and steel industry is happy to lose capacity

however, frequent trade frictions in the international market can increase the pressure on international steel production capacity. Wang Guoqing told Zhonghua finance and economics that in 2015, China's steel exports were 110 million tons, accounting for 15% of the international steel production. The international market will inevitably slow down the environment of excess capacity of international steel enterprises. "However, if the international trade friction is very prosperous, it will inevitably restrain the export of steel. If the inhibition expands, the originally exported steel products can only flow back to the world, which will inevitably suppress the international steel market." Wang Guoqing said

in this regard, the steel industry is working hard and discussing countermeasures. CISA will hold an office meeting of the president of CISA in mid to early May, and the seminar will discuss the Countermeasures for the 337 inquiry and visit requested by American steel company. On April 26, local time in the United States, the American steel company made a request to the U.S. International Trade Commission, requesting 337 inquiries and visits to 40 Chinese steel enterprises, including the individuals of China Hebei steel and Shanghai Baosteel, for the export of carbon and alloy steel products to the United States, and announced permanent lifting orders and prevention orders

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