Into May, the international steel prices continue to rise sharply; and domestic and international steel price gap continues to widen, analysts said, China’s steel exports are expected to continue to rebound, do not rule out the export volume may reach 500 million tons, in April the mainland steel export dependence again more than 10% of the “cordon”, the follow-up imposed export tariffs policy will be introduced.

As of this month on the 16th, CUR global steel price index for the 268, 13.1% higher than in April, compared with last year rose 56.1%.

From a regional perspective, gains from the previous month significantly accelerate the North American market, North America index rose 21.1% in April; European markets have recently callback, the European index in April rose 9.1%. Acceleration of the North American market, rising steel prices and the market recovery in demand is closely related to the United States in late April this metal service center inventories of steel and steel shipments of data has been verified.

Export dependence on super-alert level again

Experts said that with the substantial increase in international steel prices, China’s steel export prices of resources also will move up. In April the average export price per ton of steel 937.45 U.S. dollars, up 45.7% year on year increase, up 6% compared with March.

Experts believe that, despite the April crude steel exports up there the biggest decline in nearly two years, while the chain gains have been slowing, but the absolute volume of exports in April or exceeded expectations. Dependence of re-exports rebounded to 10% of the “alarm level” above, which also led to more stringent export market regulatory policy concerns.

China Steel Industry Association, expects China’s steel exports may be about 48 million tons, about 1.5 million tons steel billet, converted into crude steel is about 20 million tons less than last year, down 27%, while imports were flat with last year.

The Zhongyuan Securities expects exports this year could reach 55 million tons of steel, export momentum remains strong.

Luo Bingsheng, executive vice president of China Steel Association said Chinese steel exports should adhere to appropriate, appropriate principles. Exports accounted for 10% of production is a reasonable standard should be conducive to China’s steel enterprises to participate in international competition.

In order to curb the momentum of excessive steel exports, China has since last year, export of steel products for four consecutive tax policy adjustment to remove most of the export tax rebate and imposed export tariffs on some steel products.
China Steel is recommended that the amount of tax from

Government stakeholders have repeatedly emphasized that if steel exports continued to rebound, increasing export tariffs follow a policy would be introduced immediately.

China Steel Association Deputy Secretary-General no later than Jingdong that the next state must continue to adjust steel export policy goal is to enable middle and low and high cost of steel exports to international markets will not be accepted, so that the total Chinese exports of steel products have decreased substantially; while encouraging high-tech, high value-added products in international market competition.

Chi Jingdong also said that under the existing export tax, tariff rates for exports of the same file in both high-end steel products have low-end product, collected from the way that the higher price of the export price of the higher grade products, tariff burden heavier, not conducive to adjust the export structure. Therefore, the proposed levy export tariffs on steel products from the current way of “ad valorem” to category “from the amount of tax”, to facilitate the adjustment of export structure.

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