Fastener Shanghai
fastenerfastenerBuyers' Guidefastener
fastenerStandard Searchfastener
fastenerFor Buyersfastener
fastenerFor Suppliersfastener
fastenerTrade Showsfastener
fastenerMy Officefastener
fastenerPost Inquiriesfastener
Home->Fastener News->China's steel export price hits near four-year...You are the 359895 visitors
Views:498   |   recommendation:   |   Votes:0   |   Discuss:0
China's steel export price hits near four-year high

Improved product quality and structure brought China's steel export price to $798.8 per metric ton in October, the highest level since February 2014, according to the China Iron and Steel Association (CISA).

In the first 10 months of this year, the average export price of steel products was $700.8 per ton, $211 or 43.1 percent higher than the same period last year.

Despite a 30.4-percent year-on-year drop in steel exports to 64.49 million tons in the ten-month period, revenues from the exports only shrank 0.3 percent to nearly $45.2 billion.

This reflected improvement in both the structure and quality of steel exports, said Gu Jianguo, deputy head of CISA.

Most of China's steel enterprises performed better thanks to the country's continued capacity-cutting efforts, which are a key part of the ongoing supply-side structural reform.

During January-October, CISA members said their return on sales reached 4.41 percent, up from 2.77 percent in the first quarter of this year.

China has completed its task of slashing steel production capacity by around 50 million tons this year by phasing out substandard steel bars and zombie companies, according to the National Bureau of Statistics.

Source: Xinhua

2017/12/20 15:21:00

Previous:    Autumn 2018 reunion sparks on-going booth reservations for the next wire & Tube China and Shanghai Fastener & Tech Show
        Next:    Vietnam's auto import declines in 2017

Recent Related News
CSC to hike prices for Q2 deliveries as global steel supplies remain tight--2018-03-22
China's dumping of steel into Canada groundless: Chinese Embassy--2018-03-17
Official: China's steel demand has peaked--2018-02-06
Chinese steel ends Western monopoly--2018-01-26
China releases new steel capacity replacement policy--2018-01-09
More industrial overcapacity to be cut for high-quality economy in 2018--2018-01-09
Hike in steel price: Bizmen threaten to go on indefinite hunger strike from Jan 11--2018-01-04
China Steel to raise steel prices next year--2017-11-28
China's steel prices to stabilize in 2018: industry group--2017-11-27
Global steel demand expected to grow moderately--2017-11-16
Steel demand growth to stay flat next year--2017-10-26
Booming demand causes steel price surge--2017-09-22

Vote for this news?

fastener(Very Good)
fastener(Very Bad)

More Discuss...
Your Name: Anonymous

Enter the code shown:fastener1fastener

Fastener Shanghai

China Fastener Directory
Get it FREE!
Get your CFD at the following shows:

• WIN EURASIA Metalworking, Mar 15-18, 2018, Turkey

•Taiwan International Fastener Show, Apr 10-12, 2018, Taiwan

•Fastener Fair USA, Apr 11-12, 2018, USA

•M-Tech Nagoya, Apr 11-13, 2018, Japan

•wire & Tube Düsseldorf, Apr 16-20, 2018, Germany

Show Room

Offer Product

Latest News
• CSC to hike prices for Q2 deliveries as global steel supplies remain tight

• U.S. Fed raises interest rates, signals two more rate hikes in 2018

Buyers' Guide
Company News

• STL Ensures Security and Reliability of Locking Washers by Introducing State-of-the-Art Testing Equipment

• Dongtai Huawei to Exhibit at Canton Fair 2018 Spring Session, Booth No.15.3H26, Welcome to Visit Us!

The Way to Enter Chinese Market
The Way to Enter Chinese Market