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Japan and South Korea to carry out cooperation in Hebei iron and steel production capacity to transf

Release time: 2015-12-12
Browsing times: 67

Recently, the leaders of China, Japan and the ROK in Seoul meeting, Chinese Premier Li Keqiang attended the meeting in the speech, which refers to focus in the field of infrastructure construction, engineering machinery, building materials, electric power, etc. to carry out international cooperation in capacity, to create a tripartite cooperation in the new brand.

For the long-term downturn in the steel industry, the international production capacity can affect the continued loss of steel prices? Analysts told the "Securities Daily" said that Japan, South Korea's steel market is smaller, cooperation may have some good news for export, to shift some production capacity, but it does not solve the industry as a whole serious overcapacity.

Li Keqiang said at the meeting, and to give full play to their comparative advantages, to carry out international cooperation capacity. China is willing to combine a complete industrial system, equipment manufacturing integration and construction ability strong, good price advantage with South Korea and Japan high-end technology, with the requirements of the development of the surrounding countries relative access, mainly in the field of infrastructure construction, engineering machinery, building materials, electric power, etc. to carry out international cooperation, to create a tripartite cooperation.

Chen Weibin, vice president of Shanghai steel to the Securities Daily reporters noted that the demand for steel, the South Korean market for China's steel products demand will be greater. "In recent years, China's equipment and manufacturing capacity in the rapid upgrade, and the quality of the South Korean product gap is not large, but the price is low." So, now there are a lot of steel prices are going to South korea. Japan's demand for Chinese steel products is relatively low.

In fact, the Ministry of Commerce has said that China ROK FTA is the benefit of the two enterprises and public good, South Korea will eventually have 92% products on the China eliminate tariffs, covered China imports 91%. China, steel, textile and garment industry enterprises, can further reduce the cost of exports to South Korea, to improve market share in korea.

However, Chen Weibin also pointed out that although the steel exports are increasing, but steel prices and profits is not significant. A set of data to illustrate the problem, in September this year China steel exports 11 million 250 thousand tons, a new record high. China Steel Association vice president Wang Liqun said that this year Chinese steel products export volume may exceed 1 tons.

The first 9 months of this year, large and medium-sized steel enterprises realized sales income of 2 trillion and 240 billion yuan, down 19.26%, the main business losses amounted to 55 billion 271 million yuan.

"Now the international market price of steel to some extent is low China exporters." Chen Weibin said that the export profits are reduced.

Analyst Liu Xinwei in an interview with the "Securities Journal" reporter also said that Japan and South Korea steel market is smaller, cooperation may have some good news for export, to shift some production capacity, but it does not solve the industry as a whole serious overcapacity.

In fact, in the face of weak domestic market demand, to carry out international cooperation capacity become a choice to resolve problems in iron and steel industry. In May this year, the State Council promulgated the "guidance" on the promotion of international cooperation and production equipment manufacturing, pushing the steel production capacity of international cooperation. In fact, some of the domestic iron and steel enterprises have tasted the "going out" to carry out production cooperation benefits.

As the steel production capacity large, Hebei iron and Steel Group investment, sales channels in laying abroad, has spearheaded a series of operations. Public data shows, in November last year, Hebei Iron and Steel Group and Switzerland and Germany Holding Group signed an agreement, the holdings of the world's largest iron and steel trade and integrated service providers -- Degao international trade holding company stake to 51%; in September the same year, Hebei Iron and Steel Group also with the South African Industrial hair exhibition company and the China Africa Development Fund signed the memorandum of understanding on Hebei Iron and Steel Group steel projects in South Africa.


"The capacity of offshoring is not only in Hebei Province, which is consistent with the country's economic policy, also will be the future trend." Hebei iron and steel group who is called.

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