Steel exports are encountering difficulties.
Look at the RMB exchange rate, from the China Foreign Exchange Trade Center's latest data show that, on August 16 the central parity of RMB against the U.S. dollar reported 6.3925 yuan, the foreign exchange reform the RMB exchange rate and then a new high since the dollar is expected to a strong long-term depreciation of the RMB appreciation of external, internal devaluation and steel exports will affect the export competitiveness.
To see trade protectionism, trade barriers and restrictive policies that China's steel export trade environment, Brazil, India and other countries of the iron and steel enterprises in our province to carry out frequent anti-dumping investigations, allowing companies to export the external environment is more severe.
Look at the export tax rebate policy, since July 15 last year, the State has canceled some steel export tax rebate policy, policy guidance issued by the transformation of foreign trade.
Look at the cost of production, rapid increase in imports of raw materials procurement costs, increased steel production costs, long-term dependence on imported ore for the province's enterprises, large steel weakened export competitiveness.
Stressful, steel exports go from here? "Forced steel export market is in transition." Provincial Department of Commerce at the person in charge of foreign trade, despite enormous pressure, but there is still growth in the province's steel exports.
According to statistics, during the first half of this year, the province's steel exports $ 607 million, an increase of 18.50%, steel exports accounted for 7.2% of the province's foreign exports, exports accounted for more in 2010 increased by 1.1 percentage points.
Growth from new product development and industrial upgrading.
To Wuhan, for example, turn pressure into motivation, the company's efforts to develop high value-added, high-tech products this year in the first half, exports of low value-added hot-rolled products increased from 71% in 2010 to 39%, and high value-added The cold-rolled silicon steel products export ratio to 61%.
China's steel exports for the current homogenization of serious, intense price competition, profit margins narrowed significantly the status quo, Wuhan Iron and Steel also vigorously promote the differentiated product strategy, successful implementation of high-level oil casing steel K55, galvanized steel and other high-end car product development exports last month, Wuhan Iron and Steel pre-painted high-end market, successful entry into Ukraine, the development of 300 tons suede color coated products into Ukraine.
From the Commerce Department data show, the first half of the province suffered 10 cases of trade friction, involving nearly 60 million dollars, three times last year.
Faced with increasingly severe trade friction, the steel industry, the difficulties encountered with typical exploration and transformation.
In this regard, expert evaluation, it is necessary to deal with trade frictions in accordance with international trade rules, and actively responding; but also to optimize the export structure and change foreign trade growth mode, this is the ease trade friction solve the problem. From the traditional quantity to quality economic returns, is the company's sustainable development, to the fierce international competition rung at a time.
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