Scrapex Banner
Author: 24 Jan 2013 Last updated at 06:02:57 GMT

China's Steel demand expected to rise by 3.1% in 2013: CISA

BEIJING (Scrap Monster): China's steel demand is expected to rise by 3.1% in 2013, 0.6 percentage points higher than last year as the economy recovers, said China Iron and Steel Association (CISA) in its regular market report.

But the CISA said that while demand was set to improve this year, oversupply problems would continue to limit price increases and eat into steel firm earnings.

The recent surge in imported iron ore prices had put steel firms under heavy pressure, with the rise in costs "far exceeding" any increase in domestic steel product prices, they added.

Chinese crude steel output reached a record 716.5 million metric tonne in 2012, but the growth rate of 3.1% was 5.8 percentage points slower than in the previous year as the slowing economy eroded demand from major downstream sectors such as real estate and automobiles.

BASSE METAL PRICE CHARTS

GET PRICE CHARTS

356 Aluminum Wheels (Clean) Price Charts

Mixed Aluminum Turnings Price Charts

6061 Extrusions Price Charts

RELATED NEWS

Austrian voestalpine eyes big expansion in Chinese Ningxia province

October 30th 2014 01:21 AM
Austrian voestalpine eyes big expansion in Chinese Ningxia province
The Austrian steelmaker-voestalpine has announced plans to build special steel plant in Yinchuan in the Chinese Ningxia province

China uses minimum boron to get maximum rebate on steel exports

October 29th 2014 07:46 AM
China uses minimum boron to get maximum rebate on steel exports
The increase in the Chinese exports of steel, with exemption of tax in many of the Asian countries, has charged…

Latin American steel exports to the US soared 31% in Sep '14

October 29th 2014 02:31 AM
Latin American steel exports to the US soared 31% in Sep '14
As per data released by the US Census Bureau, steel exports from Latin American region to the US surged by…

Chinese steel demand cooling down, consumption likely to peak in 2015

October 29th 2014 02:10 AM
Chinese steel demand cooling down, consumption likely to peak in 2015
According to World Steel Association, the Chinese steel demand growth will significantly slow down and may even stagnate in two…
Next Story