Hebei steel exports in first-three quarters down by 83.16% y-o-y

Oct. 29 MetalBiz--Reporters learned from Hebei Metallurgy Industry Association that due to the influence of the global financial crisis, in the first nine months, the production of the main products in Hebei province steel industry steadily rose, the steel exports significantly fell, the saving energy and reducing consumption made the new progress, and the independent innovation made the preliminary achievement.

It is said that the output of Hebei province's main products stably increases in the first nine months, the productions of crude steel, steel product and pig iron were 105.4619mln tons, 109.951mln tons and 105.2554mln tons, respectively, up by 18.79%, 23.69% and 21.68%, correspondingly. Affected by global financial crisis, the export delivery valuing of Hebei province steel industry was 3.79bln yuan, down by 83.16% year on year.

Since 2009, the efficiency indicator of Hebei province steel industry started to pick up from May, that from July to September had been the positive increase, although that in January-September accumulatively was the negative, the falling extent of Hebei province steel industry is smaller than the national major enterprises. During the January-September period, major steel enterprises made the progress in saving energy and reducing consumption. Meanwhile, Hebei province achieved 20.215bln yuan value of new steel products, accounting for 39.79% of the whole province industrial product value.

It is predicted that the domestic capacity may exceed the demand, and the severe overcapacity pressure still exist; the international market will get better with the revival of global economy and the pick-up of the market demand, favorable to the steel exports, but not effectively shunt the domestic resource, the decreasing outside demand is still serious. The decline of raw material price also mitigates the supports of the steel price.