American news media, despite the cooling domestic economy growth, but China’s huge steel production engines continued to roar, lead to export products with international market, causing a global steel producer for fear of falling prices and have to the government for protection.
According to the Wall Street journal website reported on March 15, from the European Union to South Korea and India, China’s large supply of metal product is subversive trade mode, lead to local rob business battle between iron and steel company.
In the United States the world’s second largest steel consumer, a new round of lay-offs prompting calls to raise tariffs. American iron and steel company and nucor steel producers start to look for political support for trade action.
China’s steel exports rose 63% year-on-year in January, 9.2 million tons, such growth means that China will break through 82.1 million tons for all of last year’s export figures this year, and last year the figure was 59% higher than in 2013.
According to the world steel association, as a result of China’s real estate industry cooling, the country’s steel consumption was only 1% growth last year, steel demand growth will fall to 0.8% in 2015. However, China’s steel mills have no so. Iron and steel production of the main raw materials of iron ore prices fell, support the production.
Although demand growth slowed, but steel mills refused to cut production, which makes steel producers in other countries have a headache.
Some large American iron and steel enterprise, according to the head of the 12 March they will later testified before congressional steel caucus. Trade lawyers said, a move that will become to the United States international trade commission filed anti-dumping complaints a prelude.
Arcelor mittal steel company vice President, European steel union chairman luo Mr. Hitt? Hin peja, said last week, the European iron and steel enterprises met with director, head of the trade commissioner Cecilia? Malm trent, to seek more tariff protection.
Said a spokesman for the European Union, the European Union is six investigation, these investigations may lead to some products such as fasteners, steel wire and tariffs. Last year, China’s exports to the eu steel 5 million tons, up 49% from a year earlier.