China Demand of Steel Products Will be Up 10% in 2005

Resource from: cbcc-yinx Likes:3029

May 13,2005

According to the report of International Iron and Steel Institute (IISI), the global demand of steel products will be up 3.7%, about 36 million ton, and break through 1 billion ton for the first time. Demand of steel products in China will be up 10%, to 293 million ton. In March 2005, due to the strong steel products capacity of China, global steel output were up 6.5% over 2004, to 92.9 million ton. China's steel products output were up 24.1% to 27.5 million ton in that month. In addition, China Administration of Taxation will carry out the new policy of drawback from May. Drawback rate will be decreased from 13% to 11% in that new policy. The policy will play a important role in the stable and sustainable development of China's steel industry. However, it will impact the immediate profit of China's steel industry. During the first two months of 2005, amount of steel for export in China were up 205% over 2004, to 2.98 million ton. Of the total export steel, sheet steel accounted for 1.3 million ton; tube steel accounted for 0.9 million ton; others accounted for 0.45 million ton.

(cbcc-yinx)

【CBCC News Statement】
1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"CBCC".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.

Add to My Favorites

[Close the window]

Previous C&U Bearing be Listed in a Develop Worthy List
Next Professional Qualification Identifying System of ZWZ Group

BRIEF INTRODUCTION

Cnbearing is the No.1 bearing inquiry system and information service in China, dedicated to helping all bearing users and sellers throughout the world.

Cnbearing is supported by China National Bearing Industry Association, whose operation online is charged by China Bearing Unisun Tech. Co., Ltd.

China Bearing Unisun Tech. Co., Ltd owns all the rights. Since 2000, over 3,000 companies have been registered and enjoyed the company' s complete skillful service, which ranking many aspects in bearing industry at home and abroad with the most authority practical devices in China.