SEAISI Requires China to Restrict Steel Exports-Shanghai Metals Market

Hot Keywords

  • Copper
  • Production data
  • Zinc
  • Inventory data
  • Macroeconomics
  • Nickel
  • MMi Iron Ore Port Index
  • Aluminium
  • Sales data
  • trend forecast
  • Operation update
  • Operating rates
  • Futures movement
  • price
  • iron ore

SEAISI Requires China to Restrict Steel Exports

Industry News 11:03:55AM Sep 02, 2015 Source:SMM

SHANGHAI, Sept. 2 (SMM) - South East Asia Iron & Steel Institute (SEAISI) requires China to restrict its steel exports to South East Asian countries and cancel existing export rebate for related products, SMM reports.

Imported steel from China is more cost-efficient, but steel cost only represents 15%-30% in total construction costs. Construction cost is more subject to architectural structure, according to the SEAISI.

China’s steel exports to Malaysia and Vietnam jumped 71.3% and 68.5%, respectively, on the YoY basis, in the first half of 2015. Exports to Asian countries totaled 36.55 million tonnes, up 32% YoY, which accounts for 69.8% in total exports. 

The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn. 


Price

more
1# Zinc
Nov.15
18420.0
0.0
(0.00%)
0# Zinc
Nov.15
18490.0
0.0
(0.00%)
T/C for Domestic Zinc Concentrate
Nov.01
6275.0
-50.0
(-0.79%)
T/C for Imported Zinc Concentrate
Nov.01
280.0
0.0
(0.00%)
Zinc Alloy (Zamak5/ZX03)
Nov.15
19690.0
0.0
(0.00%)

SEAISI Requires China to Restrict Steel Exports

Industry News 11:03:55AM Sep 02, 2015 Source:SMM

SHANGHAI, Sept. 2 (SMM) - South East Asia Iron & Steel Institute (SEAISI) requires China to restrict its steel exports to South East Asian countries and cancel existing export rebate for related products, SMM reports.

Imported steel from China is more cost-efficient, but steel cost only represents 15%-30% in total construction costs. Construction cost is more subject to architectural structure, according to the SEAISI.

China’s steel exports to Malaysia and Vietnam jumped 71.3% and 68.5%, respectively, on the YoY basis, in the first half of 2015. Exports to Asian countries totaled 36.55 million tonnes, up 32% YoY, which accounts for 69.8% in total exports. 

The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.