China Steel Association: China's steel demand will increase by 3.1% in 2013
Aluminum Coil,Alloy Aluminum Coil,Aluminum Sheet Comat Metal Products Co., Ltd. , http://www.china-tinplate.com
The analysis of the Steel Association showed that the steel prices in the domestic market were slightly adjusted in December 2012. The comprehensive price index of CSPI steel of the Iron and Steel Association was 105.31 points, a decrease of 0.01 points from the previous month, a decrease of 0.01%. Although it fell slightly for the second consecutive month, the decline was smaller and narrowed.
Specifically, in December last year, the long product price index fell by 0.85 points to 0.85 points, a decrease of 0.79%, and the price index of plates was 105.74, up 1.13 points month on month and up 1.08%.
Last December was the off-season of steel demand, although steel production declined, but the domestic market is still oversupply. Driven by the policy of “guaranteeing growthâ€, the domestic market demand situation has gradually improved since September, and steel prices have shown a steady decline. At the same time, the price of coal and iron ore in the raw material price rebounded, which also supported the steel price. In addition, the steady rebound in international steel prices has also boosted domestic steel prices. However, the Steel Association also said that overall, in December last year, the domestic market was in the low season of steel demand, and market demand was not strong.
In analyzing the trend of steel prices in 2012, the Steel Association pointed out that the steel prices in the domestic market in 2012 basically continued the downward trend since the second half of last year. The overall level was lower than that of the previous year. The average price index of CSPI steel in the whole year was 111.76. Point, an average decrease of 19.28 points from the previous year, a decrease of 14.71%.
In 2012, the steel price trend in the whole year can be roughly divided into three operating ranges, that is, the fluctuations in January-April, the decline in May-August, the slight rebound in September-October, and the steady decline in November-December.
Looking ahead to the trend of steel prices, the Steel Association believes that the global economic situation in 2013 will be better than last year, and the steel demand situation will also improve. Global steel demand is expected to grow by 3.2% in 2013, up 1.1 percentage points from last year. China is affected by the acceleration of economic growth. It is expected that steel demand will increase by 3.1%, which is 0.6 percentage points higher than last year. This year's global economic growth rate is expected to be better than last year, and steel demand will also increase.
The Steel Association also said that in the new year, the price of raw materials will rebound rapidly, which will promote the rebound of steel prices. In addition, steel inventories continued to decrease, market pressures have eased, and steel prices have also played a supporting role.
For the steel price trend in 2013, the Steel Association also proposed three conveniences that need to be focused on. First, steel production still maintains a high level. The market is still in a situation of oversupply, and steel production remains at a high level, which is not conducive to further recovery of steel prices. .
Secondly, the price of imported iron ore has risen rapidly, and it is more difficult for enterprises to improve their economic benefits. In the third week of January this year, the steel company CSPI steel price index rose to 108.39 points, a cumulative increase of 6.86 points or 6.75% from the lowest point of last year. In the same period, the average price of CIOPI imported iron ore rose to 144.15 US dollars / ton, cumulative It rose by 39.25 US dollars / ton, an increase of 37.42%, far higher than the steel price increase.
Finally, international trade frictions have increased and steel exports have become more difficult. In mid-January this year, the European Commission adopted a subsidy from the Chinese government to provide subsidies to domestic steel companies, and proposed to impose a 50% countervailing duty on coated Steel Products exported from China to the EU. As trade frictions around the world heat up further, China's steel products exports will encounter greater resistance this year.