Reuters recently published analysis article said that the world economy and poor prospects for the steel industry overcapacity, steel producers around the world have declared opponents in the dumping of cheap products to the market, may trigger a series of trade war. The main ideas include:
A global market demand weakness. According to the data of the International Iron and Steel Statistics Bureau (International Steel Statistics Bureau, ISSB), Iran's 2011 hot-rolled coil imports accounted for 4% of the world's total trading volume of 5,180 million tons, much higher than the 2008 level. In early 2012, the United States and the European Union (EU) to strengthen sanctions against Iran, the steel market has lost an important buyer, a blow to this this has been the situation of poor industry. At the same time, by the Arab Spring protests, the Middle East such as Egypt and Libya imports plunged, since the demand has not been able to restore.
Second, the competition of the global steel business. Currently, the U.S. market flooded with many imported products, unsold steel may be available for sale, steel consulting firm MEPS said that the U.S. hot-rolled coil prices this month has dropped 10 percent to $ 600 per short ton, close to production cost. Turkey, Thailand and Taiwan and other developing countries and regions are also suffering in steel prices fell sharply troubled, and the blame on cheap imports. Even Chinese steel companies have expressed concern about the cheap steel plate and hot rolled coil imports from Russia, Ukraine and Brazil.
Third, the trade dispute is gradually increased. June 1, the U.S. Commerce Department announced preliminary results pointed out that imports of Russian hot-rolled coil is lower than the current price of the U.S. market. Currently, the U.S. Commerce Department is to evaluate measures to prevent the dumping of hot-rolled coil in Russia.
Bluescope Steel, Australia's largest steelmaker, said its recent anti-dumping proceedings against the hot rolled coil imports from Japan, Taiwan, Korea and Malaysia. Who is also the world's largest steel consuming and producing countries of China, also has the United States a special steel "orientation silicon electrical steel (grain-oriented flat-rolled electrical steel; GOES) taxation. Many developing countries believe that their industry is under the onslaught of imports of other developing countries. Tends to serious business losses as prices fell, the number of trade disputes will quickly rise.
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