Recently the European market for negative voice China's steel exports will be no interruption. On the eve of the G20 summit, the British "Guardian" has reported that British Prime Minister David Cameron is being recommended that its domestic steel industry organizations at the summit to ask the Chinese to stop dumping cheap steel products in Europe, or "soon loss of market opportunities in Europe. "
The report said that the UK Cameron This requirement stems from "Europe, the United States and Mexico, a large number of steel mills closed, which China is due to a large number of these markets to obtain government subsidies of dumping steel products, making the global price drop" .
The report revealed that the British Trade Unions Secretary-General Cameron O'Grady had to write a letter, demanding that the G20 summit proposed to China steel dumping issues, and Chinese President Xi Jinping said, "to the global market dumping Low Chinese steel products will undermine support for the China Britain gaining market economy status under WTO rules, "adding that the claim is supported by industry organizations UKSteel of British Steel.
Gareth history Days UKSteel director to "The Guardian" said Cameron at the G20 summit to raise the issue "very appropriate", "steel producer China's behavior is the world lead to serious consequences."
In fact, this criticism for a long time. Reuters November 9 reported that on the same day by the British business secretary Syed Javed proposed the convening of a special session, Minister of Commerce EU failed to steelmakers required to stop imports of Chinese steel products, the protection of the European steel industry consensus.
At this meeting, the European steelmakers to put pressure on the EU, the European Commission can hope to start an emergency program for the import of Chinese steel products taxed.
On the same day, a Reuters report that the European market downturn in the steel industry, for different reasons in China.
The story quoted the International Iron and Steel Statistics Bureau said that in 2014 the number of Chinese steel imports Britain Britain only about 1/10 of the total imports, said China's steel industry is the UK's dismal market "scapegoat", and outlines British Steel the high cost of energy industry, heavy environmental tax costs and other reasons.
At home, pressure from export markets but also to the industry complain incessantly. China Iron and Steel Association on the end of October at a press conference revealed that from January to September, the country exports of steel 83.11 million tons, total net exports of steel 76.44 million tons of crude steel equivalent. "Keeping such exports will help ease the domestic market supply and demand, but the terms of trade friction facing enormous pressure."
"Iron and steel industry of serious excess capacity, intense long period out, you may need 8 to 13 years, and now most countries have gone through this cycle, while crude steel production in China is close to 50% of the current world total, we can say positive at the most difficult stage, so many countries on China's steel exports there are strong psychological conflict. "this analyst Cheng Zhiming told the International Business Daily reporter.
Cheng Zhiming said the elimination of excess capacity in the process will be "very cruel":. "Now state-owned steel mills are cutting costs through a variety of means, after a period of time there will be a lot of small and medium steel enterprises face closure."
