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An intermediary agency close to the steel trader revealed to reporters that at the end of February 2009, 300,000 tons of HRC from Ukraine and other countries or regions will enter the Chinese market. These hot rolled coils are ordered by domestic traders, and the price for arriving at the Chinese ports is US$350 a ton. It is expected that they will be delivered to 120,000 tons in East China, 80,000 tons in Xinjiang and 100,000 tons in Guangdong.
According to data from the National Bureau of Statistics, domestic hot-rolling production in November 2008 was 6.0117 million tons, and this batch of HRC's imports accounted for 5% of China's monthly hot-rolled output.
Lange Steel analyst Wang Sen told reporters that the current price of domestic HRC is around 3,800 yuan, and after the price of this batch of imported steel is converted into RMB, it is still cheaper than the current domestic market price of HRC by about 1,000 yuan. .
According to Lange Steel's monitoring, in December 2008, Shanghai has already started selling hot rolled coils from Taiwan.
Li Yi, vice president of CBI, believes that in the second half of 2008, due to the economic crisis leading to a drop in demand, global steel prices have fallen deeper, especially as foreign prices have fallen more than domestic prices, making some traders pegged to the Chinese market. .
According to CBI Data, in December 2008, the domestic steel price exceeded the CIS export price, and the difference was around 500 yuan/ton.
"If the spread continues to widen, the imported resources of other countries or regions will also flow into the Chinese market in succession, and China's imports will increase," said Li Yi.
At the same time, Wang Sen believes that the influence of RMB appreciation on the appreciation of currencies in other countries or regions and the good expectations for the domestic market are also an important reason why other countries or regions have entered the Chinese market through various channels.
“At present, China’s steel industry has excess capacity, and foreign steel products entering the Chinese market will increase the supply and demand pressure, which is a great impact on the Chinese steel market.†Zhou Guocheng, chief consultant of China United Steel Network and former vice president of Sinosteel Group, interviewed by the reporter Said.
Zhou Guocheng pointed out that due to the obvious advantage of imported steel prices, some steel traders believe that the profits are abundant and may increase the quantity of imported steel. "This is a big impact on the price of domestic steel that has just stabilized."
Zhou Guocheng proposed that the Chinese government should introduce some restrictive measures on imported steel.
At present, India and Turkey have imposed restrictions on the import of steel. Turkey increased the import tariff on flat products by 8% from January 1. Among them, import tariffs for HRC increased from 5% to 13%. In India's second economic stimulus package announced on January 2, special import tariffs were imposed on imports of certain steel products.
At the beginning of the new year, foreign low-cost steel products began to flood the Chinese market.