CHINA STEEL REVIEW is the latest in MEPS series of steel
sector monthly reports. It contains all the main steel and
related industry statistics, plus all the comments necessary
to keep up to date with happenings in this key market. The
data also highlights the impact that actions taken in this
country can have on the industry as a whole.
Chinese steel production has a major effect on the cost of
steelmaking raw materials. Chinese domestic selling prices are
the lowest in the world. Chinese steel exports equate to the
total output of the German steel sector and, therefore, have a
major influence on import prices across every continent.
The Chinese steel industry is unique and complex. Statistics
are difficult to assess because they are often prepared early
but revised at a later date. Industry statistics fail to
record more than 5 percent of total crude steel production.
The steel market mechanism is different to that in most others
around the world. Speculation is rife, with a number of iron
ore and steel futures markets available.
Each MEPS report sets the Chinese
steel sector in the context of the three main regions of the
world – European Union, Asia and North America. Comparisons of
steel prices are made. Threats and opportunities from Chinese
steel imports are given.
If you are involved with the steel industry as a manufacturer,
consumer, raw material supplier, or provider of services, this
monthly report is essential reading.
Each issue contains China’s average monthly domestic dealer
prices, excluding VAT, for the most popular rolled steel
products. Forecasts for the next six months are included.
Contrasts are made between domestic selling prices for the
main steel products in China and average values in the
European Union, North America and Other Asia.
MEPS researched FOB steel prices, plus estimates of freight
and other costs relating to Chinese exports, are compared with
local selling values in other regions of the world. Charts are
prepared to highlight the relative strength of the Chinese
Official monthly statistics for crude steel and pig iron
production are included in each issue, together with forecasts
for the year. MEPS estimates of under reported output are
Prices for both imported and domestic steelmaking raw
materials are supplied.
Each monthly report contains tables showing China’s finished
rolled steel production, exports, imports, and apparent
consumption. One year forecasts are also provided.
The report has a section analysing the market and industry
scene, highlighting plant closures and new installations. It
also contains information about government initiatives.
WHO SHOULD BUY
Steel Buyers at western and Asian engineering/manufacturing
companies utilise the report to evaluate purchasing
opportunities for supplies from China.
Steel mill sales executives should subscribe, to enable them
to assess the impact of cheap imports from China.
Manufacturers of steelmaking plant, equipment and processing
consumables to help them evaluate opportunities.
Strategic Planning Managers to assess domestic prices and
judge the potential for setting up plants for component
manufacturing in China.
Analysts at shipping and mining companies, banks, government
agencies etc to assess the prospects for raw material demand
and steel trade.
The detailed analysis of China’s steel production, imports,
exports and consumption statistics should interest steel
buyers and sellers around the world.
The domestic dealer prices in the report for the main finished
steel products should assist those considering setting up
subsidiary manufacturing companies in China.