Developing world to guide growth in China
时间:2007-11-09 14:21:47来源: 作者:
China will continue to export large amounts of steel products on the back of strong global demand, with growth led by demand from developing countries over the next few years, an industy analyst said at the 2007 China Steel Export Summit held in Beijing yesterday.
"Developing countries and regions, like Vietnam, India and Africa, are experiencing rapid economic growth, which is driving an ever increasing demand for steel products. However, their undeveloped steel industries prevent them from self-supply in the short term, so it is safe to say that these regions will be the main growth markets for Chinese exports over the next few years," Guosen Securities Economic Research Institute analyst, Zheng Dong, said.
In contrast, developed countries, including European countries, the United States, Russia and Japan, have long been gearing-down their primary industries, and their demand for steel products has therefore shrunk significantly.
China's rapid industrialization and urbanization is feeding a booming domestic steel industry, which has taken over as the world's steel product production base. Steel product exports have become an important part of China's steel industry, with the country taking the lead in global steel product exports in 2006 by exporting 280 million tons. Furthermore, over 80 percent of global steel output growth comes from China.
Zheng commented that while developing countries and regions are predicted to experience rapid growth at an annual average rate of between 6 percent and 8 percent in the coming years, developed countries are only likely to experience growth rates of between 2 percent and 3 percent.
"Although infrastructure renewal projects of developed countries are an opportunity for Chinese steel product exports, it is not easy to calculate the global steel product supply gap, making it difficult to control excessive exports. However, I think it is reasonable for China to maintain steel product exports of between 10 percent to 20 percent of the country's total [steel product] output," Zheng said.
Zheng suggested that China's steel mills should work towards finding a balance between production and environmental protection, and future restrictive export policies should focus on controlling labor-intensive and low-value-added production, as well as promoting export product portfolio optimization.
China's exported steel product prices are currently the lowest in the world, but this has only come about at the expense of China's environment and low labor costs.
According to statistics from China's Metallurgical Economic Research & Development Center, China's steel product export price stood at $388.47 per ton in the first half of 2006, with production costs of $363.73 per ton. In comparison, the per-ton production costs in Russia, India, the United States, Europe, Japan and Korea ranged from $380.47 to $500.03.
"Developing countries and regions, like Vietnam, India and Africa, are experiencing rapid economic growth, which is driving an ever increasing demand for steel products. However, their undeveloped steel industries prevent them from self-supply in the short term, so it is safe to say that these regions will be the main growth markets for Chinese exports over the next few years," Guosen Securities Economic Research Institute analyst, Zheng Dong, said.
In contrast, developed countries, including European countries, the United States, Russia and Japan, have long been gearing-down their primary industries, and their demand for steel products has therefore shrunk significantly.
China's rapid industrialization and urbanization is feeding a booming domestic steel industry, which has taken over as the world's steel product production base. Steel product exports have become an important part of China's steel industry, with the country taking the lead in global steel product exports in 2006 by exporting 280 million tons. Furthermore, over 80 percent of global steel output growth comes from China.
Zheng commented that while developing countries and regions are predicted to experience rapid growth at an annual average rate of between 6 percent and 8 percent in the coming years, developed countries are only likely to experience growth rates of between 2 percent and 3 percent.
"Although infrastructure renewal projects of developed countries are an opportunity for Chinese steel product exports, it is not easy to calculate the global steel product supply gap, making it difficult to control excessive exports. However, I think it is reasonable for China to maintain steel product exports of between 10 percent to 20 percent of the country's total [steel product] output," Zheng said.
Zheng suggested that China's steel mills should work towards finding a balance between production and environmental protection, and future restrictive export policies should focus on controlling labor-intensive and low-value-added production, as well as promoting export product portfolio optimization.
China's exported steel product prices are currently the lowest in the world, but this has only come about at the expense of China's environment and low labor costs.
According to statistics from China's Metallurgical Economic Research & Development Center, China's steel product export price stood at $388.47 per ton in the first half of 2006, with production costs of $363.73 per ton. In comparison, the per-ton production costs in Russia, India, the United States, Europe, Japan and Korea ranged from $380.47 to $500.03.
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