The data show that last year, steel prices fell and production costs high, a heavy pressure on profit margins of steel producers, the first half of this year, global steel production fell by more than 20%. Subsequently, a global economic recovery spurred the demand for steel, international steel prices continue to rise in a few months, during the steel mills began to increase in steel prices. But the beginning of this month, including India, the international steel price index started to weaken. It is understood that the state-owned steel company in India with the five steel plants and three special steel plants, occupy 26% market share in India. India Arcelor Mittal Group is the world's largest steel company, steel production capacity of more than 100 million t, accounting for about 10% of the market share of the global production base in 60 countries throughout the world.
"The two companies 'concern' may be just a prelude." Steel consulting, director Xu Xiangchun told the Economic Information Daily in an interview. He said that these industry giants will the Indian government policies have a direct impact. Xu Xiangchun that the anti-dumping and countervailing investigations initiated on a variety of steel products, steel pipes and steel in Europe and the United States recently. The strong appeal of India's two major iron and steel enterprises, "does not exclude the Government of India, the next step to take similar action". India follow the trend of Europe and the United States to take similar measures on Chinese steel products, steel products in China panic in the other house the accelerating spread of, and further deterioration of the international trade environment of China's steel products, said Xu Xiangchun. The so-called "disruptive action love to go hand in hand" trade protectionist actions against China, Europe and the United States in the steel sector to upgrade again: First, the EU Council of Ministers announced on October 6, ruled that Chinese seamless steel pipe exports to the EU industry constitutes threat of injury, decided to levy a 17.7 to 39.2% of the final anti-dumping duties; U.S. companies followed, the U.S. Commerce Department announced on the 7th of seamless steel pipe imported from China to launch anti-dumping and countervailing duty investigations, the initiation of an investigation request requirements impose 98.37% anti-dumping duties on seamless steel pipe imported from China, and the Chinese government's subsidies to impose additional countervailing duties, a move that could lead to the United States set new tariffs for such products.
From the current market situation, the Indian steel enterprises in China's steel exports would threaten the international market of speech, exaggerated, exaggerated .Xu Xiangchun told reporters that Chinese steel export advantage, exports did not surge, nor will there be a situation as excessive exports in 2007. From the data, the volume of steel exports is only 2.08 million tons in August, plus imports of 1.45 million tons, China's net exports of only 530,000 tons. Overall, the domestic steel exports will be showing the monthly trend of slow recovery. " Xu Xiangchun said. "In fact, China's increased steel production, in addition to part of the conversion for the stock, most of the rest have been digested by the domestic demand in China, did not go to the impact of foreign markets." China Steel Association, insiders told reporters.
 

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