New Record Expected For Steel Export in 2014

The world’s crude steel production reached 1,607.2 million metric tonnes (mmt) in 2013. China accounted for almost half of the total production (48.5%), leading the rank of crude steel production, as shown in table 1. Followed by EU, Japan and USA, the top 3 crude steel producers in the world also represent the largest exporters of the goods, except for USA (ranked number 10) whose rank position has been occupied by South Korea, according to table below.

steelexport

As result of the global recession, the output in the majority of steel producing countries fell in 2008 and 2009. But it rose again in 2010. Now, experts at MEPS International expect that the crude steel output will rise from 783.5 million tonnes in 2013 to 810 million tonnes this year. This would translate into 24 million tonnes of extra supply of finished steel products for sale by the steelmakers in 2014. Just 27% (6.5 million tonnes of the increased production of steel) is likely to find its way on to the domestic market this year. In other words, the total exports of all finished steel products in 2014 will be a new record of, at least, 80 million tonnes, representing the fifth consecutive year of rising sales to the global market.

steelexport2

With China’s apparent consumption of finished steel expected to be approximately 740 million tones in 2014, the extra local mill supply will represent less than 1 percent of the total market. It is clear that, by concentrating their sales efforts on exports, the steelmakers have eased some of the pressure which has been developing on the domestic market from oversupply. This exercise has not been a complete success because weakening demand has pushed average selling values down by almost RMB200 per tonne (5 percent) since the start of the year. At the same time, the competitively priced exports from China have contributed to a reduction in domestic prices in many other parts of the world.

Shanghai Metal Corporation offers a wide range of metal products, ranging from stainless steel to galvanized steel, in varying sizes and shapes. To find out more, please visit our Website or send your inquiry here. Our English speaking personnel will be more than pleased to help you. Follow us on  LinkedInTwitter, FacebookInstagram and don’t forget to subscribe to our YouTube channel. Or you could try our new mobile app by scanning our QR code.

Source and photo credit: Wikipedia, Scrap Register

Camilla G.//SMC Editor

Read more articles by this author here.

SMC QR code

#BuildingValueAcrossTheGlobe

发布者

Shanghai Metal Corporation

As an integrated global manufacturer, supplier of metal related products and reliable services we dedicate this blog to manifest our interests on different topics that would surely brighten your mind everyday. Each article is suited for every types of reader because we value simplicity as the key to transmit messages. Follow us and stay updated ~! Visit our main website to learn more about us : http://www.shanghaimetal.com/ Our address : 20th Floor Yuan Mansion, 738 Dongfang Road, Shanghai, China 200122 Email : shanghaimetalcorp@gmail.com Skype : shanghaimetal Telephone : +86 21 6875 6127 Monday - Friday : 9am - 5pm Saturday & Sunday : Available by appointment

发表评论

Fill in your details below or click an icon to log in:

WordPress.com 徽标

您正在使用您的 WordPress.com 账号评论。 注销 /  更改 )

Twitter picture

您正在使用您的 Twitter 账号评论。 注销 /  更改 )

Facebook photo

您正在使用您的 Facebook 账号评论。 注销 /  更改 )

Connecting to %s