Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Economy

China's steel export price hits near four-year high

December 19, 2017


Abstract : Improved product quality and structure brought China's steel export price to 798.8 U.S. dollars per tonne in October, the highest level since February 2014, according to the China Iron and Steel Association (CISA).

钢铁出口

BEIJING, Dec. 18 (Xinhua) -- Improved product quality and structure brought China's steel export price to 798.8 U.S. dollars per tonne in October, the highest level since February 2014, according to the China Iron and Steel Association (CISA).

In the first 10 months of this year, the average export price of steel products was 700.8 U.S. dollars per tonne, 211 U.S. dollars or 43.1 percent higher than the same period last year.

Despite a 30.4-percent year-on-year drop in steel exports to 64.49 million tonnes in the ten-month period, revenues from the exports only shrank 0.3 percent to nearly 45.2 billion U.S. dollars.

This reflected improvement in both the structure and quality of steel exports, said Gu Jianguo, deputy head of CISA.

Most of China's steel enterprises performed better thanks to the country's continued capacity-cutting efforts, which are a key part of the ongoing supply-side structural reform.

During January-October, CISA members said their return on sales reached 4.41 percent, up from 2.77 percent in the first quarter of this year.

China has completed its task of slashing steel production capacity by around 50 million tonnes this year by phasing out substandard steel bars and zombie companies, according to the National Bureau of Statistics.

Scan the QR code and push it to your mobile phone

Keyword: China-steel CISA

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial