Posted on 31 Mar 2008
New changes in China’s iron and steel industry in Jan-Feb
New changes have taken place in the operation of China's iron
and steel industry in the first two months of this year with export falling and
price rocketing, according to an official with the National Development and
Reform Commission.
Jia made the remark at the recently held seminar on
investment in iron and steel industry.
He said that thanks to China's macro control policy, the
export of steels declined. China
exported 7.25 million tons of steels in the first two months of this year, down
17.2 per cent year-on-year; 80,000 steel billet, down 92.6 per cent. It
exported 4.58 million tons steels and 50,000 steel billet in net, totaling 4.92
million tons of steel, down 34.4 per cent.
Jia said that the steel price kept rising with price index
hit fresh high in the first two months of this year, adding that there will be
more factors to pull up cost in 2008, including the rise of prices of iron ore,
coal, coke, electricity, labor and transportation and the implementation of new
measures on levying fees on mineral resources.
Jia suggested that iron and steel enterprises should make
efforts to reduce cost and save energy.
