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World fears cheap Chinese steel
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According to Tuoi Tre newspaper, half of global steel production by China. Many European countries, the US has been pressuring China to cut production, even threatened imposition of anti-dumping.
Each has something many large steel enterprises, whether in the planning really, but the aim is still standing on the brink of bankruptcy. Meanwhile there are many steel projects licensed rampant, wrong regulation but not definitively settle the ...
According to Professor Nguyen Mai, countries in Southeast Asia do not like VN steel. He cited Malaysia at the beginning of industrialization in 1990, after ten years, ie in 2000, the country's export turnover reached US $ 87 billion, of which $ 57 billion came from the electrical and electronic products which is focused on development.
"Many countries are not going to like the old style cast iron, which invests in new products such as wires for the automotive industry. This will help position Malaysia has the world's largest market, while we only have $ 10 billion.
The Ministry of Industry and Trade said that "industrial development requires making steel" is the classic view. Developed industrialized modern direction to restructure the industry, focusing the high-tech industry, environmentally friendly and sectors of high added value "- GS Commerce confirmed.
Status overproduction, excess demand is the problem for many years and is one of the focus at the G20 Summit in Hangzhou (China) last.
According to Reuters, although steel output fell 2.8% in the last year, the first decline since 2009, to 1.6 billion tons, but still more than 700 million tonne surplus.
Half of global steel production by China. Many European countries, the US has been pressuring China to cut production, even threatened imposition of anti-dumping, but Beijing has pledged to cut 45 million tons this year and aims to reduce 150 million tons by the year 2020.
Organization Development and Economic Cooperation (OECD) estimates the likelihood of global steel production reached 2.42 billion tons could in 2017 due to the expansion of production in China and India.
Meanwhile, according to the WSA, the world steel consumption tends to decrease in recent years, fell by 0.8% in 2016 over the previous year, while in 2015 fell by 3% compared to 2014. /.
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18/8/2025
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