In the first 7 months, Shandong Port exported 2.184 million tons of steel

The author recently learned from the Qingdao Customs that the effect of canceling the export tax rebate policy for steel products since July 15 has begun to show. In July, the export volume of Shandong's steel exports fell by more than 30%.

According to the statistics of Qingdao Customs, in the first 7 months of 2010, Shandong Port exported 2.184 million tons of steel, 1.5 times more than the same period of last year; the value was US$1.75 billion, which was doubled. Since March 2010, Shandong Port's monthly steel exports rebounded sharply, reaching its highest level since 2009 for four consecutive months. In June, the export volume reached 415,000 tons, a year-on-year increase of two times, and a year-on-year increase of 1.7%. In July, the export volume fell at a high level. The export volume in the month dropped sharply to 289,000 tons, a year-on-year increase of 1.5 times and a decrease of 30.3%.

Qingdao Customs believes that the current cost of raw materials in the steel industry is rising and the operating risks are increasing. The low price of steel products fluctuated and the scope of production restriction of enterprises expanded. Since late April, domestic steel market prices have continued to fall. Profits of 77 large and medium-sized steel enterprises have continued to decline since May. The profit in June fell by nearly 40% from the previous month. Although the steel prices began to rebound in late July, they still At low volatility. Due to the lack of effective support for demand, iron and steel companies have been trapped in high-cost and low steel prices, and their efforts to limit production have been further increased. Steel companies that plan to overhaul have obviously increased. According to the calculation by China Steel Association, the Nissan crude steel dropped by more than 5% month-on-month in July. Affected by a new round of real estate control policies, the increase in investment in new projects has dropped significantly.