Every month, the report commences with MEPS comment on key
topics of interest relevant to recent developments in the
Chinese steel sector and their implications for the wider
global industry and its markets.
Most of the steel used in the manufacture of components in
South East Asia is of Chinese origin. Monthly FOB and CFR
prices for the main regions are included in each report to
help the component buyers assess changes to input steel costs
which may be affecting their suppliers.
Each issue carries local dealer prices for a range of carbon
steel products. Six month forecasts are also incorporated
which highlights how these may influence steel export prices
in the future. Comparisons with average prices in all major
regions are supplied. These are used to improve purchasing
Western mills are often required to compete with Chinese
imports into their domestic markets. This will be particularly
pertinent in 2014 when China’s mills are expected to sell
record high volumes of steel to international customers.
Charts indicating the degree of the threat/opportunity for
Chinese steel exports to the three main receiving regions are
prepared for each issue.
Chinese steel mills will produce almost 50 percent of global
output, this year, and consume the majority of seaborne iron
ore and coking coal. China’s latest officially reported iron
and raw steel production is detailed monthly. Included in each
report are MEPS comments on trends in China’s steel output and
raw material costs and the implications for international
steel suppliers and consumers. Detailed calculations of
finished steel production in China is also supplied. This
enabled MEPS to discover that official steelmaking statistics
had been under-reported for several years and continues today.
Finally, we provide a section highlighting the main features
of the industry and market scene.
WHY SUBSCRIBE TO NEW CHINA
NEW CHINA STEEL REVIEW is a report specifically
designed to provide international steel and industrial
organisations with researched information about the threats
and opportunities created by new developments in the Chinese
steel sector. It presents a realistic and carefully considered
analysis and evaluation of the significance of the changes in
China’s monthly/quarterly statistical data and their impact on
the global steel scene.